The Department of Justice has unsealed wire fraud and money laundering charges against two former Mozambican public officials and an executive of an Emirati naval contractor. The three individuals have been charged along with the former Mozambican Finance Minister and others in connection with the alleged diversion of nearly $200 million in proceeds of loans guaranteed by the Mozambican government. Those funds were allegedly distributed as bribes and kickbacks to the defendants and other Mozambican government officials between 2013 and 2016.
March 7, 2019
DOJ unseals charges against three individuals allegedly involved in $2 billion fraud scheme in Mozambique
Related by Topic
New Post
DOJ issues declination with disgorgement letter to Boston Consulting Group for possible FCPA offenses
August 29, 2024
News Alert
New Post
Former oil and gas trader pleads guilty to additional FCPA charges
August 23, 2024
News Alert
Smartmatic executives indicted for money laundering and FCPA violations
August 12, 2024
News Alert