× Digital News Videos Africa Health & Science Opinion Columnists Education Lifestyle Cartoons Moi Cabinets Arts & Culture Gender Planet Action Podcasts E-Paper Tributes Lifestyle & Entertainment Nairobian Entertainment Eve Woman TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×
VAS

ELECTION 2022

Son of Mozambique's ex-president arrested in graft case

AFRICA
By AFP | Feb 19th 2019 | 2 min read
Former Mozambican president Armando Guebuza

The son of Mozambique's former president Armando Guebuza was arrested on Saturday in a legal crackdown on suspects linked to a $2 billion government debt scandal, local media and judiciary sources said.

Ndabi Guebuza, the oldest of Guebuza's four children, was picked up from his home in the capital Maputo.

Maputo-based independent STV channel said he was arrested in connection with a government debt which plunged the country into its worst financial crisis.

"He is one of the eight arrested by order of the Attorney General," a judiciary source who asked not to be named, told AFP.

Mozambican authorities this week arrested seven other suspects, including businessmen and intelligence officials in connection with the debt scandal.

The scandal came to light in 2016, a year after the ex-leader Guebuza left office following a 10-year tenure.

It is alleged that while he was still in power, the government in Maputo had taken out loans amounting to $2 billion to buy a tuna-fishing fleet and surveillance ships, but hid the transaction from parliament and international donors.

An independent audit found that a quarter of the loan amount was diverted, and unaccounted for.

When the debt was revealed, Mozambique -- which is one of the world's poorest countries and relies on donor aid -- was plunged into the worst financial crisis in its history as donors froze contributions.

The United States alleges at least $200 million was spent on bribes and kickbacks, including $12 million for former finance minister Manuel Chang, who allegedly signed off the debt.

Chang, 63, was arrested at Johannesburg's O.R. Tambo International Airport on December 29 on a US extradition request over his alleged involvement in the fraudulent loans to state firms. He was denied bail on Thursday.

Ndambi Guebuza, who is a businessman, is alleged to have received $9.7 million in bribes, according to a US indictment.

Share this story
India urged to boycott Pakistan World Cup tie
Several fans and a Mumbai cricket official have asked India to boycott their World Cup match against Pakistan in June this year after a suicide bomber
When Njonjo almost resigned over coffee smugglers
Known as the era of black gold, it began in 1976 when Ugandan farmers decided to sell their coffee in the private market.

.
RECOMMENDED NEWS

;