Mozambique: Mobile phone operators claim huge losses due to fraud
Mozambique Administrative Tribunal confirms loans illegal – Hanlon
8:28 CAT | 30 Jan 2017
soaresdacosta.com (File photo) / Administrative Tribunal
MAM and ProIndicus loan guarantees were “a violation of the constitution and budget laws” because the were over the limit authorized by parliament, the Tribunal Administrativo (administrative tribunal and government auditor) said in its 29 November 2016 report on the 2015 government budget. The report also notes that “the government has not made any mention of the final uses of these loans.”
The 2013 ProIndicus loan was for 18,560 million Meticias, but the 2013 state budget only allowed guarantees of 183 mn MT. The 2014 MAM loan was only slightly over the limit – a 16,852 mn MT loan compared to a guarantee limit of 15,784 mn MT, the report said. (@Verdade, 24 Jan)
Source: News reports & clippings
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