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Public Inquiry
Interested in maladministration. Estd. 2005

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

offsite link Joe Duffy is dishonest and untrustworthy Anthony

offsite link Robert Watt complaint: Time for decision by SIPO Anthony

offsite link RTE in breach of its own editorial principles Anthony

offsite link Waiting for SIPO Anthony

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Human Rights in Ireland
Promoting Human Rights in Ireland

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Lockdown Skeptics

The Daily Sceptic

offsite link News Round-Up Fri May 02, 2025 00:52 | Richard Eldred
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.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Ethnic Minority Candidate Given Police Job Despite Failing Interview Thu May 01, 2025 19:00 | Will Jones
Senior officers in?West Yorkshire Police ? the force recently in the news for blocking white job applicants ??intervened to ensure that an ethnic minority candidate who failed her interview was given the job.
The post Ethnic Minority Candidate Given Police Job Despite Failing Interview appeared first on The Daily Sceptic.

offsite link Migrant Channel Crossings Hit 10,000 in Record Time Under Labour Despite Starmer?s ?Smash the Gangs?... Thu May 01, 2025 17:05 | Will Jones
The number of migrants?crossing the Channel so far this year?has hit 10,000 in record time under Labour, as the total runs 40% higher than last year despite Starmer's pledge to "smash the gangs".
The post Migrant Channel Crossings Hit 10,000 in Record Time Under Labour Despite Starmer’s “Smash the Gangs” Pledge appeared first on The Daily Sceptic.

offsite link Which Ideology is Most Receptive to Bullshit? Thu May 01, 2025 15:04 | Noah Carl
Which ideology is most receptive to bullshit? A Swedish study found that social conservatives are more receptive than social liberals but that Greens were the most receptive of all.
The post Which Ideology is Most Receptive to Bullshit? appeared first on The Daily Sceptic.

offsite link COVID-19 Started in America, Not China, New Chinese Government Report Claims Thu May 01, 2025 13:04 | Will Jones
COVID-19 started in America, not China, a new Chinese Government report has claimed, in the latest salvo in the five-year long propaganda war over the origins of the virus.
The post COVID-19 Started in America, Not China, New Chinese Government Report Claims appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

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

Voltaire Network >>

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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