Renamo Calls on Nyusi to Quit Over 'Secret Debt' Storm
Jean Boustani, one of eight people who prosecutors say created maritime projects in Mozambique to funnel bribes and kickbacks, has told a U.S. court that that Privinvest paid millions of dollars to finance Frelimo's election campaign in 2014. Now, Renamo has called on President Filipe Nyusi to resign after allegations that he benefited from loans that were acquired when he was defence minister and was preparing to enter the 2014 presidential race.
U.S. dollars.
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Mozambique:
Boustani's Lawyers Claim His Projects Were Above Board
AIM, 23 November 2019
Lawyers for Jean Boustani, the sales executive of the Abu Dhabi-based group Privinvest, on trial for fraud in New York, argued on Thursday that the bank loans Boustani helped… Read more »
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Mozambique:
Boustani Takes the Stand in New York Trial
AIM, 19 November 2019
Jean Boustani, the senior sales executive from the Abu Dhabi-based group Privinvest, on trial in New York over his role in the scandal of Mozambique's "hidden debts" took the stand… Read more »
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Mozambique:
Witnesses Demand Payment From Boustani
AIM, 18 November 2019
Jean Boustani, the sales executive from the Abu Dhabi based group Privinvest, currently on trial in New York, will have to pay at least 1.2 million US dollars to two of his defence… Read more »
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Mozambique:
Jean Boustani - a Robin Hood in Reverse
AIM, 23 November 2019
The main victims of the gigantic fraud engineered by Jean Boustani, chief salesperson for the Abu Dhabi-based group Privinvest were "the 29 million people of Mozambique, one of the… Read more »
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Mozambique:
Privinvest Spreadsheets Give Details of Bribes
AIM, 1 November 2019
Part of the damning evidence on display at the trial in New York of Jean Boustani, a sales executive of the Abu Dhabi based Privinvest group, are Excel spreadsheets which,… Read more »
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Mozambique:
Maleiane Justifies Paying Ex-Ematum Bondholders
AIM, 10 November 2019
Mozambique's Minister of Economy and Finance, Adriano Maleiane, claimed on Friday that the government is doing all in its power to restore the business environment and regain the… Read more »
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Mozambique:
Angola in Spotlight Amid New Revelations in Mozambique Debt Scandal
CAJ News, 30 October 2019
A CHAIN of emails detailing how bribes were paid to Mozambican government officials in the hidden debt scandal that ruined the Southern African country's economy has resuscitated… Read more »
InFocus
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Mozambique has finalised charges against 20 people, including the son of former president Armando Guebuza, in connection with a U.S.$2 billion debt scandal that crippled the econ Read more »
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Civil society organizations have added their voice to those demanding that the loans borrowed from European banks in 2013 and 2014 by three Mozambican security-related companies be ... Read more »
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President Filipe Nyusi's administration has filed a case in London's High Court against Credit Suisse over the bank's role in the country's "hidden debts". Credit Suisse was one of ... Read more »
