By JUBILEE DEBT CAMPAIGN
Reacting to the news that three former Credit Suisse bankers have been arrested in London, as part of a US investigation into $2 billion of loans to Mozambique, Tim Jones, policy officer at Jubilee Debt Campaign said:
“This is another welcome step in holding those responsible for the debt crisis in Mozambique to account. The investigation is likely to reveal further evidence of how these loans were used to defraud the people of Mozambique. The Mozambique people should not have to repay one cent on a debt they had no say over and no benefit from.
“It is scandalous that it has required action from the US authorities for this investigation and arrests to be made in London. It was the London branches of Credit Suisse and VTB which lent the $2 billion, yet there has been a shocking lack of action taken by UK authorities in holding them to account.”
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