Mozambique: Boustani's Lawyers Claim His Projects Were Above Board – AuthenticAfrican

Posted on by All Africa

[AIM] Maputo -Lawyers for Jean Boustani, the sales executive of the Abu Dhabi-based group Privinvest, on trial for fraud in New York, argued on Thursday that the bank loans Boustani helped arrange for the three Mozambican companies Proindicus, Ematum (Mozambique Tuna Company) and MAM (Mozambique Asset Management), were above board and the projects they were intended for (coastal protection and a fishing fleet) were vital for Mozambique's development.