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Mozambique has 18 defendants in hidden-debt investigations

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The attorney general said that the suspects are accused of crimes including abuse of office, embezzlement and money laundering.

Tuesday 08, January 2019

(Bloomberg) --Mozambique’s attorney general said it has 18 suspects in an investigation into a $2 billion debt scandal in which three former Credit Suisse bankers and the country’s ex-finance minister have already been arrested.

The case, which centres on loans that the government contracted to finance a tuna-fishing fleet and coastal protection system, escalated in the past two weeks after the bankers and former finance minister were arrested on the US Department of Justice warrants. They are accused of bribery and corruption of at least $200 million, according to the indictment.

“International experts were hired to assist the Mozambican public prosecutor’s office in assessing existing assets and in identifying and seizing assets illegally acquired by the defendants and related to the crimes in question,” the attorney general said.

It had made formal information requests to authorities in countries including the UAE, the UK and the US but hasn’t received the answers sought, the attorney general said.

 

TAGS : Mozambique, US Department of Justice, Credit Suisse

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