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⚖️ | The long-awaited tuna bonds judgment has been handed down today, with Mr Justice Knowles finding largely in favour of Peters & Peters-repped Republic of #Mozambique. https://t.co/UugHQFScfI
Mozambique on Monday "substantially" won its $3.1 billion (R57 billion) lawsuit at London's High Court against Emirati-Lebanese shipbuilder Privinvest for allegedly paying bribes in relation to the decade-old "tuna bond" scandal. https://t.co/dYFdvuriYJ
Mozambique wins a fraud case over a $2 billion bond scandal that embroiled Credit Suisse and created a financial crisis for the country https://t.co/jYSnLqA1JD
Mozambique has substantially won its $3.1 billion (R57 billion) lawsuit at London's High Court against Emirati-Lebanese shipbuilder Privinvest. The case, known as the 'tuna bond' scandal, involved allegations of bribery and fraud related to a $2 billion bond that caused a financial crisis in the country. The judgment, handed down by Mr. Justice Knowles on Monday, found largely in favor of Mozambique, which was represented by the law firm Peters & Peters. The scandal also implicated Credit Suisse in the fraudulent activities.
