Lebanese Salesman Again Denied Bail In $2B Bribery Case
Law360, New York (March 28, 2019, 10:32 PM EDT) -- A New York federal judge on Wednesday again refused to grant bail for a former salesman of Abu Dhabi-based shipbuilder Privinvest who’s accused of taking part in a $2 billion bribery and investor fraud scheme in the African nation of Mozambique, saying he’s still a flight risk.
At an afternoon hearing, U.S. District Judge William F. Kuntz denied the renewed application for bail for Jean Boustani, a Lebanese national accused alongside former Credit Suisse bankers and Mozambique's former finance minister of various misdeeds in connection with $2 billion in government-backed loans for purported maritime projects.
Previously denied bail by Judge Kuntz,...
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