Andrew Pearse is testifying on his role that enabled Mozambique to borrow billions for dubious projects.
He says at least 4 colleagues took millions from shipbuilder Privinvest Group in a scheme to defraud US investors.
Pope Francis tells the country, ravaged by a 16-year civil war, to discard the old law of retaliation 'an eye for eye, a tooth for a tooth'
Andrew Pearse is the second former Credit Suisse banker to plead guilty in the fraud and money-laundering scam.
Manakala lebih 23,000 lagi hilang tempat berlindung dan kira-kira 35,000 kediaman rosak sebahagian atau musnah sama sekali.
The storm has also killed 259 in Zimbabwe, while in Malawi 56 people died in heavy rains ahead of the cyclone.
Cyclone Idai lashed the Mozambican port city of Beira with winds of up to 170 km per hour last week, then moved inland to Zimbabwe and Malawi.
More than a thousand are believed dead after Cyclone Idai unleashed fierce winds and flash floods in Mozambique.
90% of the city Beira comprising some 530,000 people and its surrounding area had been 'damaged or destroyed.'
The storm, the worst to hit the southeast African nation in at least a decade, had wind speeds of more than 200 kilometres per hour before it made landfall early Friday.
Villages along the coast of the northerly Zambezi province were cut off from the mainland by a two-metre storm surge.
Almost 83,000 people have been displaced by storms that caused rivers to break their banks.
The arrests come 5 days after former the Mozambique Ffnance minister was arrested in South Africa as part of the same criminal case.
Mozambique's child marriage and teen pregnancy rates are among the highest in the world, a driving factor in the population explosion in this poverty-plagued southern African nation.
Interpol had issued a "red notice", or a non-binding arrest warrant, after Satar allegedly continued operating a ransom-kidnap business across Mozambique and South Africa from overseas.
The project to show live football for free in the remotest parts of Mozambique is a novel attempt to provide a rare night of entertainment and also spread public health awareness.
The board of Mozambique's national airline, LAM, has been sacked after the carrier cancelled flights this week because of financial difficulties that meant it could not pay for fuel, at one point marooning Prime Minister Carlos Agostinho do Rosario.
As much as US$800 million worth of the narcotic is shipped annually from its beaches to neighbouring countries and to Europe.
Since it started its campaign in October with an assault on police and government buildings in the town of Mocimboa da Praia, Ahlu Sunnah has killed more than 40 people in Cabo Delgado province.
More than 1,000 rhinoceros are killed every year on South African territory for their horns, which are highly sought after in China and Vietnam as an ingredient for traditional medicine.
Jihadist attacks have prevented Mozambique from reaping the benefits of its vast natural gas reserves.
Ossufo Momade of Renamo followed in the footsteps of his predecessor Afonso Dhlakama by relocating to an area near Mount Gorongosa.
Renamo leader Afonso Dhlakama was found dead in the town of Gorongosa.
President Filipe Nyusi has been accused of being reluctant to expose those in the ruling Frelimo party responsible for Mozambique's US$2 billion debt.
12Page 1 of 2