{"id":55675,"date":"2024-02-13T21:26:08","date_gmt":"2024-02-13T21:26:08","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution"},"modified":"2024-02-13T22:22:27","modified_gmt":"2024-02-13T22:22:27","slug":"hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution","title":{"rendered":"Hidden Debts: Maleiane believes settlement with Credit Suisse was best solution"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Mozambican Prime Minister Adriano Maleiane believes that the government\u2019s out-of-court settlement with Credit Suisse, whereby it paid 143 million dollars to the bank, was the best solution to put an end to the country\u2019s obligations.<\/p>\n

Credit Suisse is at the heart of the \u201chidden debts\u201d scandal- a term referring to the illicit loans of over two billion US dollars made by Credit Suisse and VTB of Russia in 2013 and 2014 to three fraudulent Mozambican companies (Proindicus, Ematum, and MAM) which were all effectively run by the security service, SISE.<\/p>\n

In theory, the loans were for, amongst other things, a tuna fishing fleet, shipyards and maritime security. But none of these ventures ever took off and the companies soon became bankrupt.<\/p>\n

Maleiane, who was speaking to reporters in Maputo, on the sidelines of the ceremony marking Mozambican Heroes\u2019 Day, denies that the government is violating the Constitutional Council\u2019s decision to cancel the hidden debt loans, explaining that \u201cthe cancellation of Mozambique\u2019s obligations is not automatic.\u201d<\/p>\n

According to the Prime Minister, there was no other way but to negotiate with Credit Suisse.<\/p>\n

Maleiane also said that he is not aware of any plans by South Africa to stop buying electricity from Hidroelectrica de Cahora Bassa (HCB), the company that operates the Cahora Bassa dam on the Zambezi River, in the western Mozambican province of Tete.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Mozambican Prime Minister Adriano Maleiane believes that the government\u2019s out-of-court settlement with Credit Suisse, whereby it paid 143 million dollars to the bank, was the best solution to put an end to the country\u2019s obligations. Credit Suisse is at the heart of the \u201chidden debts\u201d scandal- a term referring to the illicit […]<\/p>\n","protected":false},"author":84,"featured_media":55674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-55675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nHidden Debts: Maleiane believes settlement with Credit Suisse was best solution - Mozambique<\/title>\n<meta name=\"description\" content=\"Mozambican Prime Minister Adriano Maleiane believes that the government\u2019s out-of-court settlement with Credit Suisse, wh ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hidden Debts: Maleiane believes settlement with Credit Suisse was best solution\" \/>\n<meta property=\"og:description\" content=\"Mozambican Prime Minister Adriano Maleiane believes that the government\u2019s out-of-court settlement with Credit Suisse, wh ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-13T21:26:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-13T22:22:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/02\/sm_1707849658.429312.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"785\" \/>\n\t<meta property=\"og:image:height\" content=\"596\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Hidden Debts: Maleiane believes settlement with Credit Suisse was best solution\",\"datePublished\":\"2024-02-13T21:26:08+00:00\",\"dateModified\":\"2024-02-13T22:22:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/02\/sm_1707849658.429312.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/hidden-debts-maleiane-believes-settlement-with-credit-suisse-was-best-solution\",\"name\":\"Hidden Debts: Maleiane believes settlement with Credit Suisse was best solution - 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