African 

Mozambique’s Deputy Finance Minister sacked

Mozambique’s President Filipe Nyusi has sacked the Deputy Finance Minister, who has been implicated in a scandal over alleged fraudulent government loans totalling $2bn (£1.75bn).

A statement from the presidency did not give a reason for Maria Isaltina Lucas’s sacking. But she is one of 17 suspects named by the Mozambican Attorney General’s Office in connection with the “hidden debts” scandal.

 

This refers to three companies which were given loans, guaranteed by the government. All three companies are effectively bankrupt, and so the Mozambican state has become liable for repaying the loans. Ms Lucas has not commented.

 

Source: BBC.COM

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