Mozambique President Nyusi claims immunity in London 'tuna bond' case

The tuna bond or “hidden debt” case has triggered criminal investigations from Maputo to New York, plus a series of lawsuits in London involving Credit Suisse, shipbuilder Privinvest, its owner Iskandar Safa and many others.

Mozambique, one of the world's poorest countries, wants to revoke a sovereign guarantee on a loan it alleges was corruptly procured and secure compensation for other alleged wrongdoing. But the cases in London have been mired in difficulties ahead of a trial scheduled for October as Mozambique's repeated failure to disclose key documents has threatened to derail the litigation.

Privinvest and Safa are trying to drag Nyusi into the case, arguing he should contribute to any damages they may be ordered to pay if they are found liable to Mozambique. Their claim against Nyusi focuses on payments of $11m they say Privinvest made in 2014 to fund Nyusi's successful run for president and his ruling Frelimo party's election campaign.

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Mozambique: Mozambique president Nyusi claims immunity in London ‘tuna bond’ caseMozambican President Filipe Nyusi on Tuesday asked London's High Court to block allegations he accepted unlawful payments in the country's lawsuit against Credit Suisse and others over the $2 billion 'tuna bond' scandal.
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