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HomeNewsForeignEx president of Mozambique son and two others bags jail term

Ex president of Mozambique son and two others bags jail term

A Mozambican court has sentenced two ex-spy bosses and the son of a former president to 12 years each for their part in a corruption scandal in which the government sought to conceal huge debts, triggering financial havoc.

The former head of security and intelligence, Gregorio Leao; the head of the security service’s economic intelligence division, Antonio do Rosario; and ex-president Armando Guebuza’s son Ndambi Guebuza were among 19 defendants accused in the country’s biggest graft scandal.

According to the Judge Efigenio Baptista, The crimes committed have brought consequences whose effects will last for generations.

The scandal arose after state-owned companies in the impoverished country illicitly borrowed 2 billion about 1.9 billion euros in 2013 and 2014 from international banks to buy a tuna-fishing fleet and surveillance vessels.

The government masked the loans from parliament and the public.

When the “hidden debt” finally surfaced in 2016, the International Monetary Fund (IMF) and other donors cut off financial support, triggering a sovereign debt default and currency collapse.

An independent audit found 500 million dollars  of the loans had been diverted. The money remains unaccounted for.

Handing down the sentence after a week of reading the verdicts, the judge said the scam “aggravated the impoverishment of thousands of Mozambicans.”

Leao and do Rosario were found guilty of embezzlement and abuse of power, while Guebuza was convicted for embezzlement, money laundering and criminal association among other charges.

Procyon News

 

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