The FCA has banned Andrew Pearse and Surjan Singh, former managing directors of Credi Suisse, following a US court convicting them of arranging corrupt loans to the Republic of Mozambique. The individuals had pleaded guilty in 2019 for their roles in the conspiracy, which had included them both receiving unlawful kickbacks in relation to the loans, and the FCA had fined Credit Suisse over £145m as part of a global settlement related to the loans.
FCA bans ex-CS directors after US Mozambique convictions
