January 7, 2019 / 7:45 PM / 5 months ago

Mozambique indicts 18 people in connection with $2 billion loan scheme

MAPUTO, Jan 7 (Reuters) - Mozambique has indicted 18 citizens for their involvement in fraud involving $2 billion in loans to state-owned companies, the attorney general's office (AGO) said on Monday, in a scandal that has ensnared two major international banks.

"Mozambique AGO is indicting 18 defendants, (ranging) from public workers and other citizens, on charges of abuse of power, abuse of trust, swindling and money laundering," it said in a statement.

Reporting by Manuel Mucari Editing by Mark Heinrich

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