The banker bros who bankrupted Mozambique | sajournalist
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The banker bros who bankrupted MozambiqueIn December 2018, the US Department of Justice indicted three former Credit Suisse bankers for their role in bringing Mozambique’s economy to its knees. State-owned entities drowning in billions of dollars in debt, bloated infrastructure projects, kickbacks paid into UAE bank accounts, and go...
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Former Credit Suisse bankers arrested in London over Mozambique loansLondon authorities says the arrests concern allegations that the former bankers took part in a $2 billion fraud scheme involving state-owned companies in Mozambique.
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Ex-Credit Suisse bankers arrested on US charges over Mozambique loansThe trio, along with the Southern African country’s former finance minister and a Lebanese contractor, are accused of syphoning off at least $200m
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Bankrupt municipality appoints Eskom to electrify villages without following bidding processesA bankrupt Limpopo municipality has made a bizarre decision to fire a company that would spend only R500 000 to complete electrifying homes in a village and has replaced it with Eskom, which will cost the municipality R9.8 million.
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