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Vol 62 No 6

Published 18th March 2021


High courts and hidden loans

Mozambique's prospects for victory in its law suits over US$2 billion in hidden loans are dimming, according to legal sources. Maputo has been suing Lebanese businessman Iskandar Safa's Privinvest, Credit Suisse bank, and the three CS bankers who admitted fraud and money-laundering in a US court last year. Maputo wants the loans to be declared illegal and the state guarantee backing them voided.

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