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Claim review. Fraud

Supported

The cited record supports the material proposition.

The US Department of Justice said in October 2021 that Credit Suisse entities resolved the Mozambique loan case with more than US$547 million in penalties, fines and disgorgement, including a guilty plea by its UK unit.

About
Credit Suisse Group AG
Claim made by
US Attorney's Office, Eastern District of New York, regulator statement
Published
19 October 2021
Original
Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution
Evidence score
88 How it was scored
Last reviewed
25 October 2026

Why this label

The DOJ release states the US$547 million total, the deferred prosecution agreement with Credit Suisse Group AG and the guilty plea by Credit Suisse Securities (Europe) to a one count information charging conspiracy to commit wire fraudS1. It gives docket numbers 21-CR-520 and 21-CR-521 in the Eastern District of New York and lists parallel SEC and FCA resolutions. A DPA is not a conviction of the parent. The plea by the UK unit is an admission in court. UBS says the DOJ extended the three-year DPA to January 2026S4. The English judgment confirms the loans to ProIndicus, EMATUM and MAMS2.

Current procedural position

Guilty plea by Credit Suisse Securities (Europe) Limited and DPA with Credit Suisse Group AG, announced 19 October 2021S1. DPA term extended by the DOJ to January 2026, per UBSS4. UBS's report for the quarter to 30 June 2026 no longer lists the DPAS5. We found no DOJ record of the DPA's formal end as of October 2026.

Record supporting the assessment

Credit Suisse has been assessed with more than $547 million in penalties, fines and disgorgement.
S1 Tier A US Attorney's Office, Eastern District of New York, Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution, 19 October 2021
a one-count criminal information charging it with conspiracy to commit wire fraud
S1 Tier A US Attorney's Office, Eastern District of New York, Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global Resolution, 19 October 2021
In January 2025, as permitted under the terms of the DPA, the DOJ elected to extend the term of the DPA until January 2026.
S4 Tier B UBS Group AG (Form 20-F filed with the SEC), Litigation, regulatory and similar matters, 9 March 2026

Conflicting or limiting record

No record located that conflicts with this assessment.

Evidence score: 88 of 100

The score grades how well the record establishes this assessment. It is not a score of Credit Suisse Group AG. Score = source authority + directness + corroboration + procedural accuracy + currency + reproducibility.

ComponentPointsMaxReason
Source authorityIs the source competent to establish the proposition?2930A DOJ release on a plea and DPA is a competent record.
DirectnessDoes the source state the proposition or only discuss adjacent facts?1920The release states the amount and the procedural forms.
CorroborationDo independent records support the same material point?1115The UBS annual report confirms the DPA and its extension.
Procedural accuracyDoes the record settle the procedural state the claim describes?1215The plea is settled, the formal end of the extended DPA is not on the record we found.
CurrencyHas the record been checked against later developments?810Checked against UBS filings of March and July 2026.
ReproducibilityCan a reader locate the passage and repeat the assessment?910The release is public.
Total88100

Timeline

  1. DOJ announces DPA and guilty pleaS1
  2. DOJ extends the DPA term to January 2026, per UBSS4

Related cases

  • United States v. Credit Suisse Securities (Europe) Limited and Credit Suisse Group AGUS District Court for the Eastern District of New York. Criminal. 21-CR-520 (Credit Suisse Securities (Europe) Limited) and 21-CR-521 (Credit Suisse Group AG).Stage: Guilty plea by the UK unit. DPA with the parent extended to January 2026, formal end not foundS4
    • Plea to conspiracy to commit wire fraud and DPA announcedS1
    • DOJ extends DPA term to January 2026, per UBSS4

Revision history

  • Assessment first published with label Supported.

Have a record that changes this assessment? See corrections and responses.

Sources

  1. S1Tier A Credit Suisse Resolves Fraudulent Mozambique Loan Case in $547 Million Coordinated Global ResolutionUS Attorney's Office, Eastern District of New York. Regulator press release. 19 October 2021.Supports the DPA, the UK unit's plea, the US$547 million total and the kickback figure. It does not state the SEC and FCA amounts separately.Link working, checked 25 October 2026
  2. S4Tier B Litigation, regulatory and similar mattersUBS Group AG (Form 20-F filed with the SEC). Company filing. 9 March 2026.UBS annual report note for 2025. Supports the three-year DPA and its extension to January 2026. It does not say the DPA has ended.
  3. S2Tier A The Republic of Mozambique (acting through its Attorney General) v Credit Suisse International and others [2024] EWHC 1957 (Comm)High Court of Justice, Commercial Court (National Archives). Court judgment. 29 July 2024.Records the eve of trial settlement and the three borrowers. We did not read its final orders on other parties.Link working, checked 25 October 2026
  4. S5Tier B Litigation, regulatory and similar mattersUBS Group AG (Form 6-K filed with the SEC). Company filing. 29 July 2026.UBS report for the quarter to 30 June 2026. Supports the Swiss charges filed in November 2025, their April 2026 dismissal and the appeal. It does not mention the DPA.

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