London High Court refuses appeal of USD 825 million "tuna bond" scandal

Fishers bring their catch onto shore in Maputo, Mozambique
Privinvest's first attempt to appeal a USD 825 million judgement against it for its involvement in the Mozambique "tuna bond" scandal has been refused | Photo courtesy of Sopotnicki/Shutterstock
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…


SeafoodSource Premium

Become a Premium member to unlock the rest of this article.

Continue reading ›

Already a member? Log in ›

Subscribe

Want seafood news sent to your inbox?

You may unsubscribe from our mailing list at any time. Diversified Communications | 121 Free Street, Portland, ME 04101 | +1 207-842-5500
Secondary Featured Article