Mozambique Wants to Void $622 Million Credit Suisse Loan
- State also wants defendants in lawsuit to help repay MAM loan
- Attorney general filed lawsuit in London earlier this week
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Mozambique wants the guarantee it provided for a $622 million loan arranged by Credit Suisse Group AG for state-owned ProIndicus canceled, as fallout from the southern African nation’s hidden-debt scandal spreads.
In a London lawsuit, the authorities are also calling for Credit Suisse and other defendants to contribute to the repayment of a related $535 million loan taken out by state-owned Mozambique Asset Management, according to a statement emailed by the attorney general Friday from the capital, Maputo. They’re want compensation from the defendants too, it said.