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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link RTEs Sarah McInerney ? Fianna Fail?supporter? Anthony

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

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Human Rights in Ireland
Promoting Human Rights in Ireland

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Lockdown Skeptics

The Daily Sceptic

offsite link The Left Uses Wilhoit?s Law to Argue that Conservatism is Responsible for Two-Tier Politics Wed Aug 27, 2025 07:00 | James Alexander
Left-wing commentators have started claiming it's conservatism that's responsible for two-tier politics, not Leftist multicultural lunacy, citing something called 'Wilhoit's Law'. Prof James Alexander digs deeper.
The post The Left Uses Wilhoit’s Law to Argue that Conservatism is Responsible for Two-Tier Politics appeared first on The Daily Sceptic.

offsite link News Round-Up Wed Aug 27, 2025 01:00 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Should We Be Worried About Contrails? Tue Aug 26, 2025 19:00 | Dr David Bell
Are trails in the sky evidence of nefarious activity? Dr David Bell looks into the truth about contrails ? and says there are geoengineering schemes we should all be alarmed about.
The post Should We Be Worried About Contrails? appeared first on The Daily Sceptic.

offsite link Dale Vince ? One of Labour?s Biggest Donors ? Has Contracts Worth ?3.5 Million with London Mayor Sad... Tue Aug 26, 2025 17:26 | Will Jones
Eco-conscious Labour donor Dale Vince ? who has given the party more than ?5 million ? has green contracts worth millions with?London Mayor Sadiq Khan?s City Hall, it has emerged.
The post Dale Vince ? One of Labour’s Biggest Donors ? Has Contracts Worth ?3.5 Million with London Mayor Sadiq Khan’s City Hall appeared first on The Daily Sceptic.

offsite link Young Brits Squeezed Out of Jobs by Migrants as One Million Left Idle While Non-EU Workers Soar by 3... Tue Aug 26, 2025 15:21 | Will Jones
Nearly one million young Brits have been?left idle?while the number of non-EU workers has soared by 315% as employers take advantage of lax border controls rather than training up young Brits, a new study has found.
The post Young Brits Squeezed Out of Jobs by Migrants as One Million Left Idle While Non-EU Workers Soar by 315% appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Will intergovernmental institutions withstand the end of the "American Empire"?,... Sat Apr 05, 2025 07:15 | en

offsite link Voltaire, International Newsletter N?127 Sat Apr 05, 2025 06:38 | en

offsite link Disintegration of Western democracy begins in France Sat Apr 05, 2025 06:00 | en

offsite link Voltaire, International Newsletter N?126 Fri Mar 28, 2025 11:39 | en

offsite link The International Conference on Combating Anti-Semitism by Amichai Chikli and Na... Fri Mar 28, 2025 11:31 | en

Voltaire Network >>

Credit Suisse Banker Pleads Guilty in Mozambique Loan Scandal

category international | economics and finance | news report author Monday July 22, 2019 23:08author by Kate Zeller - Jubilee USA Network Report this post to the editors

On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country.

Washington DC - On Friday, former Credit Suisse banker Andrew Pearse pled guilty in US Federal Court for accepting millions of dollars in a fraud scheme that led to a $2 billion Mozambique loan scandal and debt crisis in the East African country. Pearse and six others are accused of taking $200 million in the scheme.

“Mozambique, one of the poorest countries in the world, is dealing with a financial crisis because of the greed of corrupt bankers," said United Nations corruption and finance expert Eric LeCompte and Executive Director of the religious development group Jubilee USA Network. “This behavior is only possible because of a lack of global loan transparency and a lack of public budget transparency in Mozambique.”

US prosecutors argue that Credit Suisse and Russian-based VTB finance group hid secret loans to the Mozambique government by bribing bank and government officials. The loans were supposed to support the tuna fishing industry, but instead supported the outfitting of boats for military attack crafts. When the secret loans to Mozambique were revealed in 2016, the IMF and World Bank cut ties with the country, halting development funding. This year, Mozambique was hit with two cyclones further impacting the debt ridden and poverty stricken country.

"Mozambique is struggling to recover from a debt crisis and terrible natural disasters," noted LeCompte.

Related Link: http://www.jubileeusa.org

 #   Title   Author   Date 
   Financial colonialism already well documented     T    Mon Jul 22, 2019 23:16 


 
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