Vol 62 No 17 |
- MOZAMBIQUE
Some including the elder son of former President Armando Guebuza Ndambi have been in prison without bail since February 2019 (AC Vol 61 No 18 Credit Suisse names Guebuza)...
Vol 62 No 11 |
- MOZAMBIQUE
Before he was Nyusi's right-hand man Correia performed the same role for ex-President Armando Guebuza...
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Last year it added ex-President Armando Guebuza to the suit...
DISPATCHES
First Credit Suisse named former President Armando Guebuza and seven other top Maputo officials as involved in the deals...
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The previous president Armando Guebuza was also unpopular and beset by accusations of corruption but unlike Nyusi he was able to consolidate his position more effectively and – protected by well-placed allies – stay out of the reputational and legal firing line after leaving office...
Vol 61 No 18 |
- MOZAMBIQUE
Former President Armando Guebuza has been named in the High Court in London as a 'third party' in the civil case brought by Mozambique's Attorney-General Beatriz Buchili against Credit Suisse bank and Abu Dhabi shipbuilder Privinvest over its $2 billion in hidden loans (AC Vol 60 No 16 Guilty plea on conspiracy)...
He will therefore seek to consolidate his position by surrounding himself with loyalists such as one of the eminences grises of Nyusi's and his predecessor Armando Guebuza's administrations Celso Correia who was also the mastermind behind Frelimo's October election campaign (AC Vol 54 No 7 Scramble for Nacala)...
Vol 60 No 21 |
- MOZAMBIQUE
The figure was only previously topped by his predecessor Armando Guebuza who gained 75% in 2005 but it comes against a background of growing anti-Frelimo sentiment among the electorate especially in the wake of the US$2 billion hidden loans scandal of 2016 a growing violent insurgency in the north mishandling of the Cyclone Idai emergency and state corruption scandals across the board...
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Vol 60 No 21 |
- MOZAMBIQUE
Pearse a prosecution witness against Boustani told the court how the son of former President Armando Guebuza Ndambi Guebuza now in prison in Maputo asked Privinvest for $11m so he could to buy a house in the south of France with a prostitute he had fallen in love with on top of $50m of bribes already paid...
Vol 60 No 16 |
- MOZAMBIQUE
Pearse's testimony makes clear the scale of the commissions paid; while the US indictment refers to about $200m the real amount of money unaccounted for is well over $1bn and sources close to ex-President Armando Guebuza's family say they received vast sums...
Chang is one of the major figures in the US indictment and his long career in the Ministry of Finance places him at the centre of the secret loans saga including intimate involvement with Armando Guebuza and Safa...