, 7 tweets, 3 min read Read on Twitter
EDNY indictment charges ex Mozambican govt officials and business execs in alleged $2 billion fraud/money laundering scheme

Erik Prince's Frontier Services Group pursued joint venture in 2018 with companies involved in scheme (Proindicus, EMATUM, MAM)

justice.gov/usao-edny/pr/t…
Indictment alleges 2013-2016 several people including Antonio do Rosario arranged for more than $2 billion in loans to govt owned companies Proindicus, EMATUM & MAM - and then illegally facilitated diversion of more than $200 million of the loan proceeds
justice.gov/usao-edny/pr/t…
A May 2018 story reported that Erik Prince's Frontier Services Group (FSG) was in discussions to take over half of Ematum and to partner with Proindicus
allafrica.com/stories/201805…
There is no indication that Prince or Frontier Services Group is involved in the indictment - but they were involved in discussions that took place with the companies named in the indictment a few years following the alleged fraud and money laundering scheme
Mozambique defaulted on $2 bil loan from Credit Suisse in Mar '16, the IMF halted aid. Erik Prince & FSG offered to recapitalize the tuna project & take care of the $ 2 bil debt - a deal was signed Dec 2017 a month after FBI started investigating the deal
spyker.co/erik-prince-bu…
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