Mozambique’s attorney-general takes legal action over fishy $2bn loan
Maputo — Mozambique’s attorney-general Beatriz Buchili had filed a legal complaint against officials and state-owned companies involved in securing $2bn in loans that were not approved by parliament or disclosed publicly, her office said on Monday. Investigations into the debt found that the deals violated Mozambique’s constitution, her office said in a statement. The alleged infringements included failure to comply with the procedures and limits established by law in the issuance of guarantees by the state, it said. "Thus, on January 26, the (office) submitted a complaint to the Administrative Court on the financial accountability of public managers and state-owned companies involved in the management of financing, supply and service contracts," the statement read. It did not name any of the managers or the companies. "In 2013 the former government of president Armando Guebuza, a reformed Marxist who has become one of Mozambique’s wealthiest businessmen, secured $2bn in secret loan...
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