Mozambique court finds former president's son, others guilty over $2 billion scandal - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

A Mozambican court on Wednesday found a former president’s son and 10 other people guilty on charges related to a $2 billion “hidden debt” scandal that crashed the southern African nation’s economy.

[File Image] : Ndambi Guebuza , the son of Mozambique's former President Armando Guebuza who was sentenced to 12 years in prison[File Image] : Ndambi Guebuza , the son of Mozambique's former President Armando Guebuza who was sentenced to 12 years in prison

Eight of 19 individuals, including state security officials, who had been on trial on charges such as money laundering, bribery and blackmail were acquitted by the court. Two top intelligence service officials, General Director Gregorio Leao and head of the economic unit Antonio Carlos do Rosario, were each sentenced to 12 years in prison.

In 2016, Mozambique unveiled hefty state backed borrowing it had previously failed to disclose to parliament or donors like the International Monetary Fund.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

pikaso_me screen shot this

A drop in the ocean, Mozambique is one of the most corrupt Countries in the Southern Africa region. Mozambique police officers very corrupt

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines