Browsing: Hidden Debts dossier

Hidden Debts dossier
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Bondholders say Mozambique should refuse to pay ProIndicus and MAM debts

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 [...]

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Hidden Debts dossier
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Mozambique lenders kept interest rates low through hefty ‘contractor fees’

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
Hidden Debts dossier
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Mozambique paid $126m in fees to arrange and restructure ‘hidden debts’

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 [...]

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Politics & Economy
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Kroll: company management ‘unqualified, inexperienced and ineffectual’

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 [...]

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