Credit Suisse ex-VP banned after guilty plea and FBI co-operation

A third former Credit Suisse employee involved in making $1.3 billion of corrupt loans to Mozambique has been banned by the FCA.

By Neasa MacErlean

Detelina Subeva, a vice president and holder of the CF30 Customer Function, pleaded guilty and worked with the Federal Bureau of Investigation in the United States on prosecutions of the other two, providing "extraordinary co-operation", according to the judge in the District Court for the Eastern District of New York where her case was heard. However, he also described her conduct as "wrong" and the scale of the fraud as "truly outrageous", according to the final notice of her case.