Mozambique ex-President Guebuza to testify in court over debt scandal

Armando Guebuza

Former Mozambique president Armando Guebuza. One of his sons was arrested on February 16, 2019 in crackdown on suspects linked to a government debt scandal.  PHOTO | AFP 

By  The East African

newspaper publisher

What you need to know:

  • The firms -- Indicus, Ematum and Mam -- took out €1.76 billion in loans, including from Credit Suisse and Russian lender VTB, to finance maritime surveillance, fishing and shipyard projects.
  • The bribes were paid to several players in the scandal that included Mozambique state officials and Credit Suisse bankers who are accused of falsely claiming that the funds would be invested in tuna fishing. 
  • Justice Efigénio Baptista has declined the Mozambique Bar Association´s request to summon President Filipe Nyusi, who was minister of Defence at the time, to testify.

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