U.S. Case in Mozambique Debt Runs Into Trouble

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U.S. Case in Mozambique Debt Runs Into Trouble
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Three former Credit Suisse bankers are contesting extradition to the U.S. to face fraud charges over $2 billion in debt deals in Mozambique

Three former Credit Suisse Group AG bankers will fight extradition to the U.S. to face fraud charges over $2 billion in debt deals for government-owned companies in Mozambique, a lawyer representing the U.S. government said Friday.

The legal challenge is the latest in a string of obstacles arising in the Justice Department’s indictment of the bankers and five other foreign nationals it alleges arranged the debt deals, along with bribes and kickbacks to enrich themselves and others.

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