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Home Announcements MOZAMBICANS, THIS DEBT IS NOT OURS! WE SHOULD NOT ACCEPT TO PAY IT!

MOZAMBICANS, THIS DEBT IS NOT OURS! WE SHOULD NOT ACCEPT TO PAY IT!

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MOZAMBICANS, THIS DEBT IS NOT OURS! WE SHOULD NOT ACCEPT TO PAY IT!

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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CIP - Public Integrity Center