Lara Warner Wins Dismissal of Swiss Case Over $2 Billion Tuna Bonds Scandal

1 articles · Updated · Bloomberg · May 26

Swiss authorities dropped the criminal case against former Credit Suisse executive Lara Warner on technical grounds, sparing her a trial over alleged failures to act on warning signs.
Warner’s lawyers had been preparing to argue in Federal Criminal Court that regulators mischaracterized her role in the Tuna Bonds affair and overstated her responsibility.
The case centered on the roughly $2 billion Mozambique debt scheme, originally pitched as financing a tuna-fishing fleet but later exposed as a major scandal.
That scandal became a lasting symbol of Credit Suisse’s control failures and helped accelerate the loss of confidence that contributed to the bank’s collapse.

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