Boustani Denies Bribes, Says He 'Tangoed' With Mozambicans
Law360, New York (November 19, 2019, 9:40 PM EST) -- Privinvest Group executive Jean Boustani readily acknowledged at his fraud and money laundering trial Tuesday in Brooklyn federal court that he arranged to pay a Mozambican agent and a Credit Suisse banker millions, but declined to call them bribes or kickbacks.
Testifying for a second day in his defense, Boustani recounted in great detail his conversations with various dealmakers in Mozambique — including onetime Credit Suisse banker Andrew Pearse, agent Teofilo Nhangumele and even Mozambican President Armando Guebuza — who all sought money from Boustani that he characterized merely as fees or investment funds.
In one memorable episode, Boustani said he...
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