Browsing: Hidden Debts dossier
A group of investors that hold part of Mozambique’s $726.5m sovereign bond today said the Kroll audit into the ProIndicus, EMATUM, and MAM deals provides further evidence that the Mozambique government should refuse to honour the “purported guarantees” of [...]
The Mozambique maritime companies that took out $2 billion in ‘hidden loans’ in 2013 and 2014 paid more than $140 million to lenders to make their loans look cheap enough to win government guarantees, the
The banks and financial advisory firm which arranged $2 billion of loans to three Mozambican maritime security companies charged a total of $126 million in fees, it has emerged. The fees were charged for arranging [...]
The three project companies that received almost $2 billion as part of Mozambique’s hidden loans scandal have been strongly criticised by international investigations company Kroll for their failure to meet the basic requirements needed to make them [...]
A long-awaited report into $2 billion of lending that contributed directly to Mozambique’s economic crisis has been hampered by a lack of cooperation from the government and the three loanee companies, the report’s author has claimed.