Harare — Mozambican President Filipe Nyusi is ultimately to blame for the failure of projects at the centre of the"tuna bond" affair, the owner of Emirati-Lebanese shipbuilder Privinvest told London's High Court, writes or reports ..................
Privinvest attempted to involve Nyusi in the case, for payments totalling U.S.$11 million that it claims to have made to support both the election campaign of Nyusi's ruling Frelimo party and his bid for the presidency. However, Nyusi has immunity as a head of state, according to a decision made by the High Court in September, 2023. An appeal against that decision is anticipated to be heard in February, 2024.
However, hundreds of millions of dollars vanished, and when the government's debt was revealed in 2016, donors like the International Monetary Fund momentarily stopped providing support, which led to a crash in currency values, defaults, and financial instability.along with ten other people for corruption in which the government concealed massive debts, causing Mozambique's economy to the brink of collapse. He was sentenced to 12 years in jail.
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Source: City_Press - 🏆 7. / 72 Read more »