Mozambique: Ex-president's son guilty in hidden debt scandal released on parole
BREAKING: Boustani acquitted in $2B Mozambique loan
8:28 CAT | 02 Dec 2019
A Privinvest Group salesman accused of being at the centre of a $2 billion loan scandal in Mozambique was acquitted by a U.S. jury of charges he helped defraud U.S. investors.
In a blow to U.S. efforts to police foreign bribery and corruption, Jean Boustani, a salesman for the global shipbuilding company based in the United Arab Emirates, was cleared Monday on all three conspiracy counts against him — to commit wire fraud, securities fraud and launder money.
Source: Bloomberg
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