Reuters logo
Mozambique receives Kroll audit into hidden debts
May 13, 2017 / 6:28 AM / 4 months ago

Mozambique receives Kroll audit into hidden debts

MAPUTO, May 13 (Reuters) - The Mozambican Attorney General’s office said on Saturday it had received an audit carried out by U.S. firm Kroll into $2 billion in secret loans taken out by state-controlled companies and would release the results to the public as soon as possible.

The discovery of the loans to state-owned fishing company EMATUM, Proindicus and Mozambique Asset Management prompted the International Monetary Fund to halt its support programme and led to the collapse of Mozambique’s currency and a debt default.

The audit’s release has been delayed several times. (Writing by Joe Brock; Editing by Mark Potter)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below