Credit Suisse under investigations in the UK for Mozambico’s business

The British authorities are investigating against Credit Suisse and the Russian group VTB in the granting of loans for several hundred million dollars to companies with ties in Mozambique, which would be served in particular to the acquisition of war material. This was reported by "Wall Street Journal", which adds that transactions comprise receivables of $ 622 million (613 million francs) for combat equipment, 535 million for the construction of ships and 850 million for the fishing fleet.

The money for the latter would be partly used for military purposes, according to the "Wall Street Journal", which cites a source close to the file in its current edition.

The survey is conducted by the "Financial Conduct Authority", because the deals were made from London, the newspaper points out. Banks are being criticized for having granted loans to investors without complying with the rules. In Mozambique payment difficulties would emerge , and this would result in a loan restructuring.