Mozambique: Nine More 'Hidden Debts' Suspects Detained

Maputo — The Maputo City Court on Monday ordered the preventive detention of a further nine of the 20 suspects in the scandal of Mozambique's "hidden debts".

This term refers to the fraudulent scheme whereby three security-linked companies, Ematum (Mozambique Tuna Company), Proindicus and MAM (Mozambique Asset Management) were set up, which then borrowed over two billion US dollars from the banks Credit Suisse and VTB of Russia.

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