A Mozambican court on Wednesday found a former president's son and 10 other people guilty on charges related to a $2 billion 'hidden debt' scandal that crashed the southern African nation's economy, sentencing them each to more than 10 years in prison.
Eleven people were found guilty of charges related to a $2 billion 'hidden debt' scandal in Mozambique.A former president's son was one of those found guilty.
Armando Ndambi Guebuza, son of former president Armando Guebuza, was sentenced to 12 years in prison for his role in the scandal, which saw hundreds of millions of dollars in government-backed loans disappear. Others who were convicted were handed sentences of between 10 and 12 years. Two top intelligence service officials, General Director Gregorio Leao and head of the economic unit, Antonio Carlos do Rosario, were each sentenced to 12 years in prison.The defendants tarnished the good image of the country abroad and in the international markets, with enduring and hard-to-repair effects.
An independent audit found in 2017 that the government had not done enough to explain how funds were spent and that roughly a quarter of the money was unaccounted for.
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