How SA became a haven for dodgy presidential cash from Mozambique
The biggest corruption scandal in Mozambique’s history happened before Filipe Nyusi became president.
Nonetheless, he benefited.
The “tuna bond” scandal, a scam concocted by Swiss bankers, ruling elites and a handful of dubious middlemen, diverted billions of dollars intended for development into the pockets of individuals.
Bribed Mozambican individuals got at least $200 million from it.
Nyusi’s cut was around $1 million, which he received as “campaign donations”, according to court documents in both the UK and US.