GENEVA (AP) — Swiss authorities on Monday said they have indicted a former official at Credit Suisse — now part of Swiss banking titan UBS — for alleged money laundering in a case involving state companies in Mozambique, and charged the bank with not doing enough to stop it.

Credit Suisse, which was merged into UBS two years ago, is said to have provided loans totaling more than $2 billion to three state-owned companies in the African country in 2013. Three years later, the deals became known as the “Mozambique Debt Scandal,” the Swiss attorney general’s office said, adding that it had opened a probe in 2020.

The indictment handed down on Nov. 25 centers on the transfer in 2013 of nearly $7.9 million from Mozambique’s Ministry of Economy and Finance to a Credit Suisse account in Switzerl

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