The Mozambique government is looking to cancel its guarantees on $2bn of loans for state-run security company Proindicus and has brought a case against Credit Suisse and other parties to London's High Court. Reporting by Emma Rumney; Editing by Mark Heinrich It said the banks had failed in their duty to protect Mozambican citizens from "criminal activities". Credit Suisse has not yet been served a legal complaint, a spokesperson said.
The Mozambique government is looking to cancel its guarantees on $2bn of loans for state-run security company Proindicus and has brought a case against Credit Suisse and other parties to London's High Court. It said the banks had failed in their duty to protect Mozambican citizens from "criminal activities". Credit Suisse has not yet been served a legal complaint, a spokesperson said.