Featured image of post Credit Suisse faces US probe after telling investors to 'destroy documents' linked to oligarch yacht loans

Credit Suisse faces US probe after telling investors to 'destroy documents' linked to oligarch yacht loans

The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank's compliance with sanctions on Russian oligarchs.

· 1974 points

The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank’s compliance with sanctions on Russian oligarchs.

Highlights

  • House Oversight Committee asks for documents related to sanctions on Russian oligarchs.
  • House Democrats say it is concerned that the deal may be “disguarded” by the U.S.
  • Congress.
  • The Committee says it wants to know if Russian investors are complying with the sanctions imposed by the West.
  • The letter was first reported by The Wall Street Journal.