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offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

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Human Rights in Ireland
Indymedia Ireland is a volunteer-run non-commercial open publishing website for local and international news, opinion & analysis, press releases and events. Its main objective is to enable the public to participate in reporting and analysis of the news and other important events and aspects of our daily lives and thereby give a voice to people.

offsite link Trump hosts former head of Syrian Al-Qaeda Al-Jolani to the White House Tue Nov 11, 2025 22:01 | imc

offsite link Rip The Chicken Tree - 1800s - 2025 Tue Nov 04, 2025 03:40 | Mark

offsite link Study of 1.7 Million Children: Heart Damage Only Found in Covid-Vaxxed Kids Sat Nov 01, 2025 00:44 | imc

offsite link The Golden Haro Fri Oct 31, 2025 12:39 | Paul Ryan

offsite link Top Scientists Confirm Covid Shots Cause Heart Attacks in Children Sun Oct 05, 2025 21:31 | imc

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Lockdown Skeptics

The Daily Sceptic

offsite link Britain?s Green Rent-Seeker?s Paradise Tue Dec 09, 2025 07:00 | Ben Pile
Ed Miliband has promised ?40 billion a year in Green Power "investment" by 2030. But don't be fooled, says Ben Pile. It's just a green rent-seekers' cash grab that'll leave consumers paying through the nose.
The post Britain?s Green Rent-Seeker?s Paradise appeared first on The Daily Sceptic.

offsite link News Round-Up Tue Dec 09, 2025 01:07 | 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 The Meaning of Hate Mon Dec 08, 2025 19:00 | K.J. Swanley
If the police reckon John 3:16 could be hate speech depending on your religion, we're in trouble, says KJ Swanley. Real hate requires malice, not just disagreeing with someone's beliefs.
The post The Meaning of Hate appeared first on The Daily Sceptic.

offsite link Suspended NHS Nurse Was Unlawfully Harassed in Trans Changing Room Case, Tribunal Rules Mon Dec 08, 2025 16:54 | Richard Eldred
After two agonising years, Sandie Peggie, the NHS nurse who complained about sharing a women's changing room with a trans doctor, has notched a partial victory, with a tribunal ruling that NHS Fife harassed her.
The post Suspended NHS Nurse Was Unlawfully Harassed in Trans Changing Room Case, Tribunal Rules appeared first on The Daily Sceptic.

offsite link There?s a Reason Britain?s in the Doldrums ? but We Don?t Talk About It Mon Dec 08, 2025 15:00 | Richard Eldred
Britain's Covid hangover is why schools, courts and the NHS are a mess, says Josh Glancy in the Sunday Times. The pandemic showed we're way too vulnerable to shocks and way too hooked on playing it safe.
The post There?s a Reason Britain?s in the Doldrums ? but We Don?t Talk About It 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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