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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

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Human Rights in Ireland
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Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Sun Apr 13, 2025 00:57 | Toby Young
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Biggest British Debate Competition in the World Run by Oxford Union Pressures Hundreds of Children a... Sat Apr 12, 2025 15:00 | Will Jones
The biggest British Parliamentary debate competition in the world run by the Oxford Union pressures hundreds of children as young as 14 to declare their?gender?pronouns every year.
The post Biggest British Debate Competition in the World Run by Oxford Union Pressures Hundreds of Children as Young as 14 to Declare Their Gender Pronouns appeared first on The Daily Sceptic.

offsite link Ethnic Minority Student Teachers Offered ?5,000 More Than White Peers to Train Under ?Anti-Racist? S... Sat Apr 12, 2025 13:00 | Will Jones
Ethnic minority students have been offered ?5,000 more than their white classmates to become teachers in Wales as part of an 'anti-racist' scheme.
The post Ethnic Minority Student Teachers Offered ?5,000 More Than White Peers to Train Under ‘Anti-Racist’ Scheme appeared first on The Daily Sceptic.

offsite link How Useful Is ?Adolescence? for Understanding Violence in Britain? Sat Apr 12, 2025 11:00 | Noah Carl
The Left has become completely obsessed with the fictional TV show 'Adolescence', with the BBC having run dozens of articles. But how useful is it for understanding violence in Britain?
The post How Useful Is ‘Adolescence’ for Understanding Violence in Britain? appeared first on The Daily Sceptic.

offsite link Why Has the Daily Sceptic Been Put on Tortoise Media?s Climate Naughty List? Sat Apr 12, 2025 10:30 | Ben Pile
Tortoise Media ? fresh from acquiring the Observer ? has created a climate sceptics naughty list ? and the Daily Sceptic has made the cut! Ben Pile wonders if slow news is meant to mean news by slow people.
The post Why Has the Daily Sceptic Been Put on Tortoise Media’s Climate Naughty List? appeared first on The Daily Sceptic.

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Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

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Mozambique Charges Former President's Son, Officials for Secret Debt Scandal

category international | crime and justice | press release author Friday August 09, 2019 22:02author by Kate Zeller Report this post to the editors

Mozambique charged the former president's son and 19 others on corruption, fraud and blackmail in relation to a $2 billion dollar loan scandal.

Washington DC - Mozambique charged the former president's son and 19 others on corruption, fraud and blackmail in relation to a $2 billion dollar loan scandal.

“Some of the world's poorest people are the victims of the Mozambique debt scandal,” noted United Nations corruption and finance expert Eric LeCompte and Executive Director of the religious development group, Jubilee USA Network. “This behavior is only possible because of a lack of global loan transparency and a lack of public budget transparency in Mozambique.”

In July, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to the $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in kickbacks. US prosecutors argue that Credit Suisse and Russian-based VTB finance group hid secret loans by bribing bank and government officials. The loans were supposed to support the tuna fishing industry, but instead supported the outfitting of boats as military attack crafts.

Both the US and Mozambique governments also seek to prosecute and extradite former Mozambique finance minister Manuel Chang, currently detained in South Africa.

"The International community must implement standards on public budget transparency and responsible lending and borrowing to prevent future corruption,” said LeCompte. “The people of Mozambique struggle to recover from endemic corruption, a debt crisis and horrific natural disasters."

This year, the southeast African country was hit with two destructive cyclones.

Related Link: https://www.jubileeusa.org/mozambique_charges_on_secret_debt_scandal
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