The Ministry of Economy and Finance (MEF), through the Asset Management Office (GGA), has announced that the first assets will be auctioned off by the judicial authorities on October 3, as part of the fight against crime.

The information is contained in a notice published yesterday, Thursday (19) by the MEF and quoted by Letter from MozambiqueArticle 28 of the Decree stipulates that buyers will get a discount of 30% on the asset's appraised value. "The bidding base for the asset subject to sale by public auction is set at 70% of its appraised value, approved by the Director of the Asset Management Office," states article 28 of Decree 31/2023, which approves the Asset Management Office's Regulations for the Management of Seized Assets and Administrative Procedures.

The same publication states that the goods to be auctioned include vehicles (light and heavy), motorcycles, tractors, trailers, containers, trailers, household appliances, various home furnishings, generators, water tanks and electricity transformers, among other equipment. However, it has not been possible to ascertain whether or not any assets have been seized as part of the "hidden debts".

The Asset Management Office was created in 2020, through Law no. 13/2020, of December 23, as a State body that oversees the area of State assets, with powers to administer assets and property seized or recovered in the context of national judicial proceedings or acts arising from international legal and judicial cooperation.

(Photo DR)