December 11, 2024
London High Court refuses appeal of USD 825 million "tuna bond" scandal
4 Min
The High Court of Justice in London has denied an attempt to appeal a USD 825 million (EUR 783 million) judgment against international shipbuilding group Privinvest and its now-deceased owner, Iskanar Safa, related to the Mozambique “tuna bond” scandal.
Privinvest was named as one part of the USD 3.1 billion (EUR 2.9 billion) judgement resolving the decade-long case in July. The scandal, which anti-corruption experts called “the most egregious corruption offense of the decade,” centered around…
Become a Premium member to unlock the rest of this article.