Mozambique Tuna Bonds: The $2 Billion Scam That Bankrupted a Country
Descrição
In 2013, Mozambique borrowed over two billion dollars to build a state-of-the-art tuna fishing fleet and secure its coastline. Almost none of that money ever touched the water.
A shipbuilding magnate, a Credit Suisse banker, and a single government signature turned a fishing fleet into one of the largest sovereign debt frauds in history — hidden from Mozambique's own parliament, hidden from the international investors who financed it, and hidden from the IMF for three years.
When it finally came out, the country's currency collapsed, food and fuel prices doubled, and one of Africa's fastest-growing economies became one of its sharpest reversals. This is the full story of the Mozambique tuna bonds scandal — how the debt was hidden, how the kickbacks moved through shell companies, who went to prison, and who never faced any consequences at all.
CHAPTERS:
0:00 The Hook
0:53 The Deal
1:40 The Structure
2:27 The Signature
3:12 The Kickbacks
5:13 The Bond
6:35 The Collapse
8:12 The Reckoning
10:40 Aftermath and Close
ABOUT THIS CHANNEL:
Illicit Ink breaks down the biggest frauds, scams and financial crimes in history - how they actually worked, how they got away with it, and why they collapsed.
#mozambique #tunabonds #creditsuisse #hiddendebt #financialcrime #sovereigndebt #truecrime
A shipbuilding magnate, a Credit Suisse banker, and a single government signature turned a fishing fleet into one of the largest sovereign debt frauds in history — hidden from Mozambique's own parliament, hidden from the international investors who financed it, and hidden from the IMF for three years.
When it finally came out, the country's currency collapsed, food and fuel prices doubled, and one of Africa's fastest-growing economies became one of its sharpest reversals. This is the full story of the Mozambique tuna bonds scandal — how the debt was hidden, how the kickbacks moved through shell companies, who went to prison, and who never faced any consequences at all.
CHAPTERS:
0:00 The Hook
0:53 The Deal
1:40 The Structure
2:27 The Signature
3:12 The Kickbacks
5:13 The Bond
6:35 The Collapse
8:12 The Reckoning
10:40 Aftermath and Close
ABOUT THIS CHANNEL:
Illicit Ink breaks down the biggest frauds, scams and financial crimes in history - how they actually worked, how they got away with it, and why they collapsed.
#mozambique #tunabonds #creditsuisse #hiddendebt #financialcrime #sovereigndebt #truecrime
Palavra-chave: historias de moçambique
