Mozambican President Felipe Nyusi sued in UK over irregular loans of KSh 220 billion Kenya News

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  • Mozambique President Felipe Nyusi was sued in London court over several secret loans taken out and not repaid
  • Much of the money was said to have disappeared in the form of bribes and bribes, and the country subsequently defaulted on repayment.
  • Abu Dhabi-based shipbuilder, Privinvest claims to have funded President Nyusi’s presidential campaign in 2014

Mozambican President Felipe Nyusi has been prosecuted and summoned to appear in a London court over several secret loans taken out and not repaid by the southern African state.

Prince Harry, Duke of Sussex, meets with President of Mozambique Felipe Nyusi during the UK-Africa Investment Summit at the Intercontinental Hotel on January 20, 2020 in London.Photo:Stefan Rousseau.
Source: Getty Images

Papers served

At the center of the case, an international shipbuilding company, Privinvest, announced on Thursday (October 28th) that it had served the papers in Maputo at Nyusi’s office and at the presidential palace.

“Privinvest confirms that on Tuesday October 19 President Nyusi was served in Mozambique of Privinvest’s legal actions in the High Court in London against him,” the company said.

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Nyusi is being sued for allegedly receiving several payments for investments in projects from local partners of Privinvest while he was Minister of Defense.

Fundraising campaigns

Privinvest said payments were made to Nyusi before he became president in 2015, some as part of donations to his 2014 presidential campaign.

Nyusi has also been accused of being at the heart of the creation and subsequent sabotage of projects in Mozambique.

“Regarding the payments made to his benefit, especially to finance his 2014 presidential election campaign, and given that he was at the heart of the creation and subsequent sabotage of projects in Mozambique,” Privinvest said in its announcement.

pandora papers

Thursday, October 7 TUKO.co.ke reported The Pandora Papers, published on Sunday October 3 by the International Consortium of Investigative Journalists (ICIJ), revealed influential individuals around the world hiding their wealth in offshore accounts.

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The more than 600 journalists from 150 media companies in 117 countries analyzed 12 million files disclosed by popular tax havens such as Panama, the British Virgin Islands, Bermuda, the Cayman Islands and Hong Kong.

Six members of the first family, including President Uhuru Kenyatta and Mama Ngina Kenyatta, are said to have secretly accumulated wealth offshore.

The records of the Panamanian law firm Aleman, Cordero, Galindo and Lee (Alcogal) indicate that the first family owns at least seven of these entities; two registered anonymously in Panama and five in the British Virgin Islands (BVI).

Source: Tuko.co.ke


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