(MENAFN- Swissinfo)
The $2 billion loan arranged by Credit Suisse was supposed to build Mozambique's fishing industry. Keystone / Hotli Simanjuntak
Credit Suisse has asked London's High Court to strike out a lawsuit brought by Mozambique over the bank's role in the $2 billion“tuna bonds” scandal, claiming failures to disclose government documents mean there cannot be a fair trial.
This content was published on June 15, 2023 June 15, 2023 Jane Croft, Financial Times The Swiss bank and other parties are defending a lawsuit brought by the Republic of Mozambique, one of the world's poorest countries, over their role in arranging $2 billion of loans and bond issues for the country in 2013, ostensibly to fund projects including a state tuna fishery.
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