Credit Suisse AG

The Mozambique maritime-finance case was not only a story about corrupt public officials, dishonest bankers or a contractor. It was a test of institutional gatekeeping. Credit Suisse helped arrange and finance large transactions for newly formed state-linked borrowers in a financially vulnerable country, reviewed warning signs, marketed securities and participated in a later exchange. The accountability question is whether credit, reputational, anti-bribery, financial-crime and disclosure controls had the evidence and authority to challenge the deal team before funds moved and investors inherited risks they could not see.