Director / Editor: Victor Teboul, Ph.D.
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US Dragnet Closes Around Group Accused of $2B 'Secret' Loans in Mozambique

It sounds like a Hollywood caper: A group of investors and officials convince European banks to loan a total of $2 billion to a resource-rich African nation trying to rebuild after a bruising civil war.   The money promptly disappears, and then this caper turns tragic.  The government doesn't learn of the loans until three years after they happen. It defaults on the loans, and that triggers an economic crisis: the currency tumbles, prices rise, hospitals run out of basic...

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