The UK’s Financial Conduct Authority has banned Detelina Subeva, a former Credit Suisse banker, from working in financial services over her role in Mozambique’s $2bn “tuna bonds” scandal. Subeva received $200,000 in bribe money from her then-colleague (and romantic partner), Andrew Pearse, and kept it despite later learning it was illicit. Though she claimed the funds were deposited without her knowledge, the FCA cited her decision to retain them as proof of unethical conduct. In 2019, she pleaded guilty to conspiracy to commit money laundering in the US. The scandal, which saw hundreds of millions vanish, severely damaged Credit Suisse’s reputation and contributed to its eventual collapse and takeover by UBS.
Financial Times
