The Debt Scandal Between Credit Suisse and Mosambique

In 20 13 d 20 14, three separate loans were given by credit suit of lbiti capital and some other private bags to state ond companies in mosambique. Some of this money was spent on a tune fishing fleet and some speed boats tis. There's also around 200 million dollars that went to bribes and kickbacks. The economy slowed down, the currency was valued, the government could no longer pay its bills. In the end, an estimated two million mosambicans were pushed into poverty as a result of these hidden, secretive loans. This story came back in the news again because the us. And the u.K. Authorities have collectively imposed a fine of 475 million