africa Banking Currency Economy Finance Government Mozambique

Mozambique extends investigation into government loans by one month

Mozambique has extended the investigation into state firms that hid $2 billion (£1.6 billion) in loans from government and international creditors by 30 days, state media said on Monday, to allow the firm conducting the probe more time to access information.

In November, Mozambique’s attorney general appointed multinational risk management firm Kroll to audit the suspicious loans that led to the International Monetary Fund cancelling funding to the impoverished southern African nation.

Source: EuroNews

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s