March 7, 2019

DOJ unseals charges against three individuals allegedly involved in $2 billion fraud scheme in Mozambique

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.

DOJ press release | Indictment