Commenting ahead of the first meeting of the UK’s new Economic Crime Strategic Board, Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign, said: “While welcome, today’s focus on economic crime…
Yesterday three former employees of Credit Suisse were arrested in London over $2 billion of odious loans to three state owned companies in Mozambique, given in 2013. The loans were…
Reacting to the news that three former Credit Suisse bankers have been arrested in London, as part of a US investigation into $2 billion of loans to Mozambique, Tim Jones,…
UK Prime Minister calls for implementation of 2017 guidelines But UK government itself has been unwilling to implement these limited guidelines for loans from UK-based banks and companies G20 governments…
John Glen MP, Economic Secretary to the Treasury, has replied to MPs about our campaign to stop secret loans. We are calling for measures to ensure all loans to governments…
Leading civil society organisations in Mozambique have launched a scathing attack on the UK’s Financial Conduct Authority for dropping its criminal investigation into Credit Suisse over secret loans given in…
• People of Mozambique to pay $1.7 billion to $2.2 billion on original loan of $760 million, which was not agreed by Mozambique parliament, and which has been of no…
• Debt problems on the African continent are increasing, with external government debt payments doubling in two years • The private sector is the largest source of loans, accounting for…
Hints that if creditors do not agree, legality of the debt may become an issue Bondholders reject proposal, but no creditor has taken legal action on defaulted debts In a…
Attorney General announces legal action against officials, but there is still no news of any action against the London banks by the UK’s FCA.