Tag Archives: debt scandal

Maputo, Mozambique | Xinhua | Former president of Mozambique Armando Guebuza told the court on Thursday that he assumed responsibility for the creation of the companies EMATUM and MAM, which were later involved in the “hidden debts” scandal. Armando Guebuza spoke at the 6th session of the court hearing, which took …

Maputo, Mozambique | AFP |  Mozambique has started legal action against a French-Lebanese billionaire, Iskandar Safa, whose shipbuilding company is at the heart of a $2 billion debt scandal, officials said Friday. A source at the attorney general’s office, in an emailed reply to AFP, confirmed “a case is ongoing” …