Privinvest sues Mozambique for breach contract in tuna bond scandal - spokesman

JOHANNESBURG - Abu Dhabi-based holding company Privinvest has begun arbitration proceedings to claim compensation against three Mozambican state-owned companies at the centre of $2 billion debt scandal, its spokesman Jeffrey Birnbaum said on Monday.

Privinvest’s claim comes nearly two months after Mozambique named the company in a lawsuit against firms that were involved in arranging the loans that tipped Mozambique into a debt crisis.

Adebayo Adenipekun

Emma Rumney Editing by Mark Heinrich

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