Mozambique Sues Billionaire Safa for Fraud in $2 Billion Scandal - Bloomberg:
Mozambique is suing Lebanese-French billionaire Iskandar Safa for fraud, targeting the chief executive officer and founder of the shipbuilding company at the center of the southeast African nation’s $2 billion debt scandal.
The government, represented by Peters & Peters Solicitors LLP, filed the case on Wednesday in the High Court of Justice’s commercial court in London, according to a filing, which didn’t provide further details.
The legal action is the latest in a saga that has seen arrests including the son of Mozambique’s ex-president, former Finance Minister Manuel Chang, and three ex-bankers at Credit Suisse Group AG. The U.S. has accused Mozambique government officials, the bankers and Safa’s company Privinvest of setting up the $2 billion project as a front to pay themselves more than $200 million in bribes and kickbacks.
No comments:
Post a Comment