Upcoming Events

International | Crime and Justice

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

Public Inquiry >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Sun Dec 22, 2024 01:07 | Will Jones
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 Former Mermaids Chief Vows to Defy Puberty Blocker Ban at New Trans Clinic Sat Dec 21, 2024 15:00 | Will Jones
A former Chief Executive of the charity Mermaids, Susie Green, has vowed to defy the nationwide ban on puberty blockers at her new trans clinic by importing the drugs via the EU.
The post Former Mermaids Chief Vows to Defy Puberty Blocker Ban at New Trans Clinic appeared first on The Daily Sceptic.

offsite link Majority of Brits Receive More in Benefits Than They Pay in Taxes Sat Dec 21, 2024 13:00 | Will Jones
More than half of people in the U.K. receive more in benefits than they contribute in taxes, official figures show ? and it's only going to get worse. No wonder we can't afford anything.
The post Majority of Brits Receive More in Benefits Than They Pay in Taxes appeared first on The Daily Sceptic.

offsite link In Latest Threat to German Democracy, Dangerous Fascist Elon Musk Tweets Six Words About Alternative... Sat Dec 21, 2024 11:00 | Eugyppius
German democracy, which is somehow shaken to its foundations whenever?anybody holds a TV debate with the wrong person, is once again on life support after Elon Musk tweeted support for AfD, says Eugyppius.
The post In Latest Threat to German Democracy, Dangerous Fascist Elon Musk Tweets Six Words About Alternative f?r Deutschland appeared first on The Daily Sceptic.

offsite link Minutes of Meetings Where Chris Whitty Overruled Government Vaccine Advisers to Force Through Covid ... Sat Dec 21, 2024 09:00 | Will Jones
Minutes of key meetings held in September 2021 in which Chris Whitty and the UK CMOs overruled the Government's vaccine advisers to push through Covid vaccination of children have been released ? and they're damning.
The post Minutes of Meetings Where Chris Whitty Overruled Government Vaccine Advisers to Force Through Covid Vaccination of Children Released appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en

offsite link Pentagon could create a second Kurdish state Fri Dec 20, 2024 10:31 | en

offsite link How Washington and Ankara Changed the Regime in Damascus , by Thierry Meyssan Tue Dec 17, 2024 06:58 | en

offsite link Statement by President Bashar al-Assad on the Circumstances Leading to his Depar... Mon Dec 16, 2024 13:26 | en

offsite link Voltaire, International Newsletter N?112 Fri Dec 13, 2024 15:34 | en

Voltaire Network >>

Mozambique Charges Former President's Son, Officials for Secret Debt Scandal

category international | crime and justice | press release author Friday August 09, 2019 22:02author by Kate Zeller Report this post to the editors

Mozambique charged the former president's son and 19 others on corruption, fraud and blackmail in relation to a $2 billion dollar loan scandal.

Washington DC - Mozambique charged the former president's son and 19 others on corruption, fraud and blackmail in relation to a $2 billion dollar loan scandal.

“Some of the world's poorest people are the victims of the Mozambique debt scandal,” noted 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.”

In July, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to the $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in kickbacks. US prosecutors argue that Credit Suisse and Russian-based VTB finance group hid secret loans by bribing bank and government officials. The loans were supposed to support the tuna fishing industry, but instead supported the outfitting of boats as military attack crafts.

Both the US and Mozambique governments also seek to prosecute and extradite former Mozambique finance minister Manuel Chang, currently detained in South Africa.

"The International community must implement standards on public budget transparency and responsible lending and borrowing to prevent future corruption,” said LeCompte. “The people of Mozambique struggle to recover from endemic corruption, a debt crisis and horrific natural disasters."

This year, the southeast African country was hit with two destructive cyclones.

Related Link: https://www.jubileeusa.org/mozambique_charges_on_secret_debt_scandal
© 2001-2024 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy