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Russian bank sues Mozambique over company involved in tuna bond scandal

VTB lent $535m to Mozambique Asset Management in 2013 to fund a shipyard project, but the state-owned company defaulted in 2017

By Undercurrent News | Jan. 10, 2020 09:59 GMT
Port in Maputo, capital of east Africa's Mozambique. Credit: Simon_g/Shutterstock
The port in Maputo, capital of east Africa's Mozambique. Credit: Simon_g/Shutterstock
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The Russian bank VTB is sueing the country of Mozambique after a state-owned company implicated in the ongoing multi-millon dollar bribery scandal defaulted on loan repayments, reports News24 [...]

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