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Interested in maladministration. Estd. 2005

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

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offsite link The 60 Minutes I Spent Trying to Persuade a BBC Presenter That Lucy Connolly is a Political Prisoner Sun Apr 20, 2025 07:00 | Laurie Wastell
The Daily Sceptic's Laurie Wastell was astounded to be invited onto the BBC to put his case that Lucy Connolly is a political prisoner ? and even more astounded to find he was given a fair hearing.
The post The 60 Minutes I Spent Trying to Persuade a BBC Presenter That Lucy Connolly is a Political Prisoner appeared first on The Daily Sceptic.

offsite link News Round-Up Sun Apr 20, 2025 00:02 | Will Jones
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.
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offsite link Rapists Can No Longer Claim to be Women Sat Apr 19, 2025 17:00 | Will Jones
Rapists will no longer be able to identify as women following?the landmark Supreme Court transgender ruling, with police forces now expected to begin recording criminals' biological sex rather than preferred gender.
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offsite link The Persecution of Nigeria?s Christians by Muslims is Medieval in its Horror Sat Apr 19, 2025 15:00 | Will Jones
The persecution of Nigeria's Christians by Islamising Muslims is medieval in its horror, says Tom Goodenough. "Villages are surrounded in the dead of night by bandits who rape and kill the inhabitants. No one is spared."
The post The Persecution of Nigeria’s Christians by Muslims is Medieval in its Horror appeared first on The Daily Sceptic.

offsite link Britain?s Biggest Bank Pledges ?Solidarity? With Trans Staff Sat Apr 19, 2025 13:00 | Will Jones
Britain?s biggest bank, Lloyds, has pledged "solidarity" with transgender staff after the?Supreme Court ruled that trans women are not legally women under discrimination law.
The post Britain’s Biggest Bank Pledges “Solidarity” With Trans Staff appeared first on The Daily Sceptic.

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Voltaire Network
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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

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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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