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Russia's VTB sues Mozambique over loan in $2 billion debt scandal

FILE PHOTO: Logos are on display outside a branch of VTB bank in Moscow
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JOHANNESBURG (Reuters) - Russian bank VTB is suing a Mozambique state-owned company over $535 million it extended as part a series of loans now at the centre of a $2 billion debt scandal. An online court filing dated Dec. 23 shows VTB has lodged a lawsuit in Britain's High court against the Mozambique state and Mozambique Asset Management, which borrowed the money from VTB as part of a costly..
Date Published: Jan 07, 2020
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