U.S. Indicts Eight Foreign Nationals in Connection With a $2‑Billion Scheme in Mozambique

Eight people, including three former government officials in Mozambique, three London-based investment bankers formerly with Credit Suisse and two executives of a shipbuilding company headquartered in Abu Dhabi, U.A.E., have been indicted in the U.S. District Court for the Eastern District of New York for their alleged involvement in a $2-billion fraud and kickback scheme involving the development of the maritime industry in Mozambique. The Anti-Corruption Report considers the size of the scam, the absence of most of the defendants, and the wisdom of pursuing individuals rather than corporations in places far away. See also “Hoskins and Ho Decisions Clarify the Jurisdictional Reach of the FCPA” (Sep. 19, 2018).

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