While working at Credit Suisse, I and others at Credit Suisse knew that projects in emerging countries, such as those involving Safa and Mozambique, posed a high risk of bribery. At the time, I was not concerned about the bank's potential exposure because I had observed that Credit Suisse had used intermediary brokers in transactions that posed a high risk of corruption, with the apparent view that in doing so it avoided the legal liability. At some point, after leaving Credit Suisse and after the original loan transactions were completed, Boustani told me that Privinvest had paid the son of the then President of Mozambique at least US$ 50 million”, extract from the confession of the former Credit Suisse banker.

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