Browsing: Hidden Debts dossier

Hidden Debts dossier Manuel Chang in court in Johannesburg on 8 January 2018. Photo © Zitamar News
0

The decision to extradite former Mozambican finance minister Manuel Chang to Mozambique made by former South African justice minister Michael Masutha in May looks set to be overturned, after the new justice minister concluded that it was unlawful and in violation of Southern African Development [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Finance minister Adriano Maleiane, Prime Minister Carlos Agostinho do Rosario, and fisheries minister Agostinho Mondlane explaining the 'hidden debts' at a press conference in Maputo in April 2016. Photo © Tom Bowker / Zitamar News
0

Mozambique’s government says it is seeking legal advice on the implications of restructuring a sovereign Eurobond that it sold in 2016 to refinance a loan for tuna fishing and offshore security company EMATUM, after the Constitutional Council ruled the [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

Mozambique has reached a new restructure agreement with the holders of the majority its sovereign bond — bringing forward the amortisation date by two years and paying higher interest rates than the two sides agreed last November, but eliminating a [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Hidden Debts dossier Former Finance Minster Manuel Chang addressing a Frelimo party meeting on 27 February 2017. Photo © Alexandre Nhampossa / Zitamar News
0

Former finance minister Manuel Chang will be returned to Mozambique rather than extradited to the United States, the South African justice minister said yesterday, in a ruling which has no reasonable chance of being overturned, according to a South African [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Mozambique finance minister Adriano Maleiane testifying in parliament regarding ProIndicus, EMATUM, and MAM, 18 May 2016
0

The Mozambique government intends to disregard the sovereign guarantee it signed on the $622 million loan for offshore security company ProIndicus, and let it go bankrupt - but has reached an agreement in principle to restructure a similar loan made to ProIndicus’ sister company MAM, the [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Hidden Debts dossier President Filipe Nyusi (right) at the book launch of 'The Great Corruption' by Hélio Filimone, February 2019
0

Filipe Nyusi selected Credit Suisse to finance the offshore security contracts in what became known as Mozambique’s ‘hidden debts’ when he was defence minister in 2013, according to a newspaper report based on a letter supposedly signed by Nyusi, asking [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Hidden Debts dossier Andrew Pearse leaving court on 29 March 2019. Photo: Tim Jones / Jubilee Debt Campaign
0

The full extradition case for the three ex-Credit Suisse bankers accused of fraud and money laundering charges in the United States over Mozambique’s $2 billion of hidden debts will be heard in November, a London court heard today. Andrew Pearse, Surjan Singh and Detelina Subeva were granted [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy Some of the patrol boats bought by EMATUM or ProIndicus. Photo © Tom Bowker / Zitamar News
0

Mozambique is calling for a British court to rule the guarantee granted by the Ministry of Finance to the offshore security company ProIndicus illegal, the office of the Prosecutor-General (PGR) said on Friday. The country also wants to be compensated, with interest, for all losses it has [...]

Log into your account to read this article, or purchase it for £15.00

Purchase this Content (£15.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

1 2 3 … 7