New York — It’s a case of bribes, kickbacks, lies and money laundering in Mozambique, a US prosecutor told a jury in Brooklyn that is set to decide whether a Privinvest Group salesperson defrauded US investors in a scheme that turned into a $2bn loan scandal.

Jean Boustani is accused of paying Mozambican government officials more than $150m in bribes and an additional $50m in kickbacks to three Credit Suisse bankers who arranged the loans. The payments were skimmed from tens of millions of dollars in overcharges to keep the “sinister” scheme under wraps, assistant US attorney Hiral Mehta told the jury on Thursday...

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