Mozambique Maritime Deals Were Legit, Boustani Jury Hears
Law360, New York (November 14, 2019, 10:56 PM EST) -- Attorneys for Privinvest Group executive Jean Boustani on Thursday sought to cast a different light on maritime projects in Mozambique that prosecutors say were at the center of a $2 billion fraud and kickback scheme, eliciting testimony from insiders at the Abu Dhabi-based shipbuilder who told jurors the projects were aboveboard.
An executive at the shipbuilder and others allegedly diverted over $200 million for bribes and kickbacks to bankers and Mozambican government officials to ensure maritime deals went ahead. (AP) Boustani, a 42-year old Lebanese national, is on trial over claims he defrauded investors in $2 billion of Mozambican government-guaranteed loans...
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