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The Standard Group Plc is a
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Britain’s financial watchdog has dropped a criminal probe into Credit Suisse related to an alleged fraud in Mozambique, but is still checking the bank and individuals for any breaches of conduct rules, the watchdog said yesterday.
In 2016, the Financial Conduct Authority (FCA) launched an investigation into the Swiss bank’s activities in Mozambique, where around $2 billion (Sh200 billion) of loans to state-owned companies pushed the country into a debt crisis.
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