Breaking: Kroll given until April 28 – One more month to complete Mozambique debt audit

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Breaking: Kroll given until April 28 – One more month to complete Mozambique debt audit

8:20 CAT | 24 Mar 2017

In the context of the Independent International Audit to Proindicus SA, EMATUM-Empresa Moçambicana de Atum SA, and MAM-Mozambique Asset Management SA, carried out by Kroll Associates UK, the Attorney General’s Office, in cooperation with Sweden, as the funder, and the International Monetary Fund-IMF, has agreed to extend the audit period by one more month.

The statement sent to O País also reads that the procedures for collecting the information, from banks, supplier companies and other relevant institutions, as well as their due treatment, which were underway at home and abroad, were complex and involved mechanisms of international cooperation, with the assistance of the Attorney General’s Office.

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Such complexity entailed, among other measures, the adoption of certain legal procedures, consistent with the inherent specificities of each of the different jurisdictions involved, which resulted in the late availability of relevant additional information, thus compromising the agreed deadline (the end of March).

ALSO READ: Mozambican debt audit: “It will be all right”, says Sweden

Kroll submitted a report to the Attorney-General office describing the progress made, the prospects for the conclusion of the process of analysis of the information collected and the preparation of the final report, and, to that end, once again requested the extension of the deadline.

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The Attorney General’s Office, after analyzing the grounds presented and in expectation of a consolidated final, in cooperation with the funder and the International Monetary Fund, agreed to the formulated request, establishing, as the new date for submission of the final report the 28th of April.

This is teh second time Kroll requests an extension of the deadline to present the audit on Mozambique’s debt.

Source: O País