Mozambique: Overseas Loans

(asked on 10th September 2018) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what discussions her Department has had with the Financial Conduct Authority on their investigation into the undisclosed loans by two London-based banks to three state owned enterprises in Mozambique.


Answered by
Penny Mordaunt Portrait
Penny Mordaunt
Lord President of the Council and Leader of the House of Commons
This question was answered on 13th September 2018

The British High Commission in Maputo has worked with Mozambican authorities to reach out to UK authorities, including the Financial Conduct Authority (FCA), in order to clarify issues related to the three previously undisclosed loans that were divulged in 2013 and 2016. DFID has followed these conversations, and supported the work of FCO colleagues. The FCA, however, does not comment on live investigations, even to other UK government officials.

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