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With the revelations in the indictment of the Grand Jury of the District Court of New York, United States of America, it is clear that:
– The debt of more than USD 2 billion contracted by the Mozambican companies ProIndicus, EMATUM, and Mozambique Asset Management (MAM), with government guarantees, was not in the national interest of guaranteeing national security through a coastal protection program.
The debt was the result of a corruption scheme engineered by employees of Credit Suisse – the main creditor bank – and Privinvest – the main supplier of equipment to Mozambique, in collusion with a group of senior Mozambican public officials and politicians.
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