The Mozambican State, through the Central Office for Combating Corruption (GCCC), says that it has already recovered about $330,000,000 (million) dollars, or (15%) of the $2.2 billion in loans to three state-owned companies, without the approval of Parliament.
However, the GCCC recognizes that the amount resulting from the recovery of monetary values and movable and immovable goods, "falls short of what is desired. The goal is to recover all or most of the embezzled money.
Some analysts have reservations about the possibility of the state recovering in full the amounts that were intended for the companies Mozambique Asset Management (MAM), Empresa Moçambicana de Atum (Ematum) and Proindicus, because there are no mechanisms that allow the realization of this objective.
"It will be extremely difficult to recover the full amount because the Asset Recovery Office is not working," said economist Estrela Charles, quoted by vozdeamerica.
Another reason that may prevent full recovery is the "quality" of the scheme, argues analyst Manuel Alves.
For his part, economist Antonio Timba also does not believe in the recovery of the approximately $2.2 billion "because part of the amount has already been used.