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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

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offsite link News Round-Up Wed Jul 02, 2025 01:09 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link The Sheer Bad Craziness of UK Immigration Law Tue Jul 01, 2025 19:30 | Dr David McGrogan
A sensible country does not seek to 'manage' foreign sex offenders and drug traffickers 'in the community', says Dr David McGrogan. It ejects them. It's well past time UK law were changed to make this absolutely clear.
The post The Sheer Bad Craziness of UK Immigration Law appeared first on The Daily Sceptic.

offsite link 40% of Babies in England Had Foreign-Born Parent in 2024 Tue Jul 01, 2025 18:09 | Will Jones
More than 40% of babies in England ? and over two thirds in London ? had a parent who was born outside the country in 2024, new figures reveal, as statistics underline the extreme pace of change in Britain.
The post 40% of Babies in England Had Foreign-Born Parent in 2024 appeared first on The Daily Sceptic.

offsite link How Feminist Ideology Captured Psychology Tue Jul 01, 2025 15:31 | Bettina Arndt
Legendary sex therapist Bettina Arndt writes for the Daily Sceptic to lament the feminist takeover of psychology, grieving for a generation of boys drowning in anti-male propaganda that neuters their masculine instincts.
The post How Feminist Ideology Captured Psychology appeared first on The Daily Sceptic.

offsite link Miliband to Cover Britain?s Lakes in Floating Solar Panels Tue Jul 01, 2025 13:00 | Will Jones
Lakes and reservoirs will be covered with solar panels under Ed Miliband?s plans to quadruple the use of the technology in Britain.
The post Miliband to Cover Britain’s Lakes in Floating Solar Panels appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

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Credit Suisse Banker Pleads Guilty in Mozambique Loan Scandal

category international | economics and finance | news report author Monday July 22, 2019 23:08author by Kate Zeller - Jubilee USA Network Report this post to the editors

On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country.

Washington DC - On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in the scheme.

“Mozambique, one of the poorest countries in the world, is dealing with a financial crisis because of the greed of corrupt bankers," said United Nations corruption and finance expert Eric LeCompte and Executive Director of the religious development group Jubilee USA Network. “This behavior is only possible because of a lack of global loan transparency and a lack of public budget transparency in Mozambique.”

US prosecutors argue that Credit Suisse and Russian-based VTB finance group hid secret loans to the Mozambique government by bribing bank and government officials. The loans were supposed to support the tuna fishing industry, but instead supported the outfitting of boats for military attack crafts. When the secret loans to Mozambique were revealed in 2016, the IMF and World Bank cut ties with the country, halting development funding. This year, Mozambique was hit with two cyclones further impacting the debt ridden and poverty stricken country.

"Mozambique is struggling to recover from a debt crisis and terrible natural disasters," noted LeCompte.

Related Link: http://www.jubileeusa.org

 #   Title   Author   Date 
   Financial colonialism already well documented     T    Mon Jul 22, 2019 23:16 


 
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