Former Credit Suisse official indicted in Mozambique money laundering case

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…