Boustani Jury Hears Of Alleged Graft That Fueled $2B Fraud

Law360, New York (October 25, 2019, 9:39 PM EDT) -- Jurors in the $2 billion fraud and kickback trial of Privinvest Group executive Jean Boustani on Friday saw a trove of emails purportedly detailing tens of millions of dollars in bribes being paid to Mozambican government officials to secure a coastal surveillance contract for the Abu Dhabi-based shipbuilder.

Boustani, a 42-year-old Lebanese national, is accused of money laundering and conspiring to defraud investors in loans made by Credit Suisse and Russian bank VTB to Mozambican state-backed special purpose vehicles — Proindicus, EMATUM and MAM — to fund maritime projects.

FBI agent Jonathan Polonitza took the witness stand late in the afternoon...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS