If US authorities take an interest you can be in real trouble!— Susan Comrie, amaBhungane Centre for Investigative Journalism
The US Department of Justice in December charged three former Credit Suisse bankers for their role in destroying Mozambique’s economy.
Comrie tells the story of state-owned companies drowning in debt, bloated infrastructure projects, bribes paid into United Arab Emirates bank accounts and government guarantees bringing an entire economy to its knees.
For South Africans, it sounds all too familiar.
The US Department of Justice indictment led to the arrest of Manuel Chang, the former Mozambican Finance Minister, at the airport in Johannesburg as he was about to make his way to Dubai.
The bankers - Andrew Pearse (New Zealand), Surjan Singh (UK) and Deletina Subeva (Bulgaria) – as well as a fifth accused - Jean Boustani (Lebanon) – have now also been arrested.
Listen to White’s interview of Comrie in the audio below (and scroll down for more quotes from it).
US investigators have access to very damning emails.— Susan Comrie, amaBhungane Centre for Investigative Journalism
They didn’t simply look the other way… the allegations are that the bankers themselves took kickbacks…— Susan Comrie, amaBhungane Centre for Investigative Journalism
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
Bruce Whitfield interviews Micah Reddy, an investigative journalist at amaBhungane and Johannesburg mayor Herman Mashaba.
Bruce Whitfield interviews Sam Sole, Senior Investigative Journalist at amaBhungane Centre for Investigative Journalism.
Sars kept the Guptas in the money laundering business after the banks deserted them, says investigative journalist Pauli van Wyk.
He's been implicated in an elaborate tax-dodging scheme, says amaBhungane’s Craig McKune.
Bruce Whitfield interviews EWN’s Lindsay Dentlinger and journalist Craig McKune (amaBhungane Centre for Investigative Journalism).
The Money Show’s Bruce Whitfield interviews amaBhungane Centre for Investigative Journalism Investigative Journalist Craig McKune.
The choir has been wowing TV audiences in the US and across the world with their energetic performances.
Large eye stickers are being stuck to the bottom of surfboards in order to deter sharks.
Daily Maverick associate editor at Scorpio Sikonathi Mantshantsha takes a look at the week's financial news.
The feline was found by detectives at a property in Athlone on Wednesday following a tip-off.
Alderman Marian Nieuwoudt, Mayco Member for Spatial Planning and Environment, City of Cape Town explains.
The inspiring South African choirU2's Beautiful Day at America's Got Talent quarter-finals.
Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).
The reason for the leakage has been revealed, explains Table Mountain Aerial Cableway MD Wahida Parker.