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Mozambique: Is President Nyusi to Blame For Secret Tuna Debt Scandal? allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Maputo won t disclose the cost of its deal with Credit Suisse and why it s abandoned its demand for damages, As with the US$2 billion hidden loans scandal that triggered Mozambique s serial financial crises over the past decade, all sides are trying to keep secret the details of the government s 1 October settlement with Credit Suisse, now owned by UBS Group, and the creditors of the $622m loan for the failed maritime security project known as ProIndicus. Under what became known as the ProIndicus Facility Agreement, Credit Suisse and other banks secretly lent the government hundreds of millions of dollars for what were classified as security projects and not subjected to any parliamentary scrutiny. ....
Mozambique/Global: "Most Egregious Corruption Case of the 21st Century" africafocus.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from africafocus.org Daily Mail and Mail on Sunday newspapers.