Audio By Carbonatix
A Mozambican court has sentenced the son of a former president and others to prison for their role in the "tuna bonds" corruption scandal.
Ex-President Armando Guebuza’s son, Ndambi Guebuza, and two former heads of intelligence, Gregorio Leao and Antonio do Rosario, each got 12 years behind bars.
Eight of their co-accused were convicted and sentenced to between 10 and 12 years.
"The crimes committed have brought consequences whose effects will last for generations," Judge Efigenio Baptista said while handing down the sentences.
A total of 19 people had been charged with blackmail, embezzlement and money laundering over their alleged roles in Mozambique’s biggest financial scandal. Eight have been acquitted for lack of evidence.
The scandal involved the country borrowing more than $2bn ($1.6bn) from international banks, much of it without the knowledge or approval of the country's parliament, triggering an economic crisis.
Latest Stories
-
Surge in jet fuel prices could push up air fares, analysts warn
21 minutes -
I will give marriage a second chance – Juliet IbrahimÂ
4 hours -
Police arrest suspect at Aplaku over threat of death
4 hours -
Police arrest robbery suspect at Airport Residential Area
4 hours -
UK opens charter flights booking portal for Britons in Dubai
5 hours -
King Charles reflects on ‘pressures of conflict’ in Commonwealth message
5 hours -
Clubs complain to X about ‘sickening’ Grok posts
5 hours -
Rapper-politician Balendra Shah unseats Nepal’s ex-PM as he heads for victory
5 hours -
Mayor Sadiq Khan invites embattled AI firm Anthropic to expand in London
5 hours -
T-bills auction: Investor interest remains high; interest rates fall to 4.8%
5 hours -
Iran names Khamenei’s hardline son Mojtaba as new supreme leader
6 hours -
US-Iran conflict: Supply chain impacts will be felt globally
6 hours -
Interest rates declined by 23% since January 2025, but market pressures likely to resurface – Report
6 hours -
Explosion at US embassy in Oslo may have been terrorism, Norway police say
6 hours -
Zoomlion MD Doris Adjei honoured with Ghana Women of Excellence Gold Award for Environmental Sustainability
6 hours
