U.S Probes Banks For Allegedly Aiding Corruption in Mozambique
The U.S. Justice Department and Federal Bureau of Investigation are investigating three international banks for their roles in selling about U.S.$2 billion of debt for Mozambique, opening a new phase in the global inquiry into the secret bond deals. Mozambique last year disclosed over U.S.$1 billion of previously hidden loans, leading the International Monetary Fund and multiple donor countries to freeze aid to the impoverished nation.
Mozambique: FBI Investigating U.S.$2 Billion Secret Debt
Mozambique News Reports And Clippings, 13 November 2017
The U.S. Justice Department and Federal Bureau of Investigation are investigating the role of three banks in the $2 bn Mozambique secret debt, the Wall Street Journal reported (WSJ… Read more »
The U.S. Justice Department and Federal Bureau of Investigation.
China has announced the pardoning of U.S.$36 million in debt, although the full amount owed by Mozambique has not been revealed. This comes at a time the Filipe Nyusi-led ... Read more »
As they end a 10-day mission to Mozambique, the International Monetary Fund officials have expressed dissatisfaction with the continuing uncertainty about debts built up by ... Read more »