Iskandar Safa

Both the Ematum accounts and 'documents relating to procurement' seen by AC show that military elements in the project consist only of three Ocean Eagle 43 trimarans bought from the Construction mécaniques de Normandie (CMN) a subsidiary of Privinvest owned by French-Lebanese businessman Iskandar Safa (AC Vol 54 No 22 The mystery ship deal)...

Banker Andrew Pearse who had been instrumental in arranging Crédit Suisse's loans to Mozambique then left the bank to go into business with Iskandar Safa and his holding company Privinvest according to a report in the local Zitamar web-based news site...

However the CEO of the company supplying the patrol boats Iskandar Safa commented that the parent company of his shipyard Constructions mécaniques de Normandie (CMN) had struck other deals with Mozambique...

Privinvest owns 30% of Abu Dhabi Mar and its owner is Iskandar Safa the Lebanese businessman who is also CEO of Abu Dhabi Mar and believed to be a personal friend of the Guebuza family...

The Ematum deal was managed outside government channels and originated within the then President Guebuza's family through personal connections with French-Lebanese businessman Iskandar Safa whose company Abu Dhabi Mar LLC owns the CMN shipyard in Cherbourg...

The main man in the deal is Iskandar Safa whose Lebanon and Abu Dhabi-based company Privinvest owns CMN and who has been the subject of investigations and political controversy in France...