The fallout from Mozambique’s debt scandal reaches a London court
But too much transparency makes the government nervous
It was the biggest corruption scandal in Mozambique’s history, involving more than $2bn of borrowing by three state-backed firms, mostly done in secret, and greased by kickbacks. On October 16th, a decade after the first loan was agreed, the reverberations will reach the High Court in London. There the government of Mozambique is seeking more than $2bn in damages from Privinvest, a group of firms based in Lebanon, and its boss.
This article appeared in the Middle East & Africa section of the print edition under the headline “The reluctant litigant”
From the October 14th 2023 edition
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