The “hidden debts” constitute the greatest financial scandal since Mozambican independence in 1975. The term refers to the government guaranteed loans for over two billion US dollars which the security-related companies Ematum, Proindicus and MAM had obtained in 2013-2014 from the banks Credit Suisse and VTB of Russia.
It was known from the start that the government guarantees were illegal since they smashed through the ceiling on guarantees established in the 2013 and 2014 budget laws. They also violated a clause in the Mozambican constitution which states that only the Mozambican parliament, the Assembly of the Republic, can authorise such debts.
As a consequence, the cost of living is unsustainable as poverty increases and people suffer.
We the people of Mozambique call the PGR, to take action against corruption.
***Please Support Mozambique***
All people against Injustice and International community
The Stop impunity! Stop corruption! petition to PGR was written by Antonio Lopes and is in the category Government at GoPetition.