A $2 billion loan. A missing tuna fleet. And a debt crisis that pushed millions into poverty.
The Mozambique–Credit Suisse tuna bond scandal is one of the most devastating examples of what happens when financial oversight fails and reputation is mistaken for responsibility.
In this post, we break down the decade-long scandal that rocked Mozambique’s economy, triggered global investigations, and led to multi-million dollar fines, convictions, and a last-minute settlement by UBS.
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