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Business Weekly: Credit Suisse fined over loan scandal in Mozambique

Credit Suisse fined over loan scandal in Mozambique

23/10/2021 GMT

BBC World Service - Business Weekly, Credit Suisse fined over loan scandal in MozambiqueSearch BBC

Swiss banking giant Credit Suisse is fined over Mozambique’s infamous Tuna Bond Scandal

Swiss banking giant Credit Suisse is fined over Mozambique’s infamous Tuna Bond Scandal.

As the Swiss bank Credit Suisse is fined $475m for participating in Mozambique’s tuna bonds fraud, on Business Weekly we find out how the southern African country was devastated by the scandal. Also, we hear how a decaying oil tanker marooned off the coast of Yemen could trigger a major environmental and humanitarian disaster. The SFO Safer is loaded with hundreds of tons of crude oil - so why is it just being left to rot? Plus, we report from a climate conference in Edinburgh where delegates are being encouraged to come up with new ways to cut carbon emissions, including a innovative and surprising diet for cattle. Business Weekly is presented by Lucy Burton and edited by Matthew Davies.

(Image: A shoal of tuna swimming in the ocean. Credit: Getty Images)

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