Mozambique is awaiting notification from the High Court in London as to when the verdict will be read in the trial concerning the payment of bribes to enable illegal loans to Proindicus, MAM and EMATUM.

A newspaper publication NewsAccording to a report in the newspaper, at the end of the evidence session in December last year, Judge Robin Knowles of the High Court in London, who is trying the case, said that he needed at least three to five months to pass sentence on the defendants. However, according to a source in the Attorney General's Office linked to the case, there is as yet no indication of when this procedure will take place.

With Privinvest and its owner, Mr. Iskandar Safa (deceased), as well as its senior manager, Jean Boustani, as the main defendants, the magistrate said that, due to the complexity of the case, three to five months is a considerably reasonable time to formulate a final judgment.

It should be noted that in the closing arguments of this case, Mozambique demanded 3.1 billion dollars from the shipping group Privinvest and its owner, Iskandar Safa, for damages, compensation and indemnity in the context of the "undeclared debts" case.

The loans amounted to more than two billion dollars granted in 2013 and 2014 to Proindicus, EMATUM and MAM by Credit Suisse and VTB.

It should also be remembered that the Mozambican state reached an out-of-court agreement with Credit Suisse Bank on this matter, as part of the financing of the Proindicus project.