Browsing: Privinvest

Kroll Report A ProIndicus maritime defence vessel in the port of Pemba, northern Mozambique. Photo © Zitamar News
0

The full audit by Kroll into Mozambique’s $2 billion hidden debt scandal, intended by Mozambique’s Attorney General to be seen by select figures only at this stage, has been put online by journalist Joseph Hanlon and
Kroll Report EMATUM's fishing boats rusting in Maputo harbour. Photo © Timothy Haccius / Zitamar News
0

Mozambican Defence Minister Salvador M’tumuke said over the weekend that his ministry has seen neither the $500 million some claim was diverted from the $850m EMATUM bond, nor any military equipment that might have been purchased with the money. [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Economy A view from outside Kroll's London office. Photo: Google Streetview
0

Mozambique’s Attorney General published an updated version of the Kroll audit into the ProIndicus, EMATUM, and MAM deals late on Monday, after protests from the lawyers of Privinvest, the contractor on all three deals, and Palomar, a financial advisory firm [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

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

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 [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Politics & Economy Privinvest boats visible behind the wall of the shipyard taken over by MAM in Maputo. Photo © Zitamar News, May 2017
0

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 [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In

Business Privinvest boats visible behind the wall of the shipyard taken over by MAM in Maputo. Photo © Zitamar News, May 2017
0

Mozambique Asset Management, the company which borrowed $535 million in secret with state guarantees to build and repair boats, has now taken possession of the shipyard in Maputo harbour that it needs in order to start becoming an operating [...]

Log into your account to read this article, or purchase it for £8.00

Purchase this Content (£8.00) Choose a Membership Level

If you are already subscribed, log in below
Log In