Mozambique on Monday "substantially" won its $3.1 billion (R57 billion) lawsuit at London's High Court against Emirati-Lebanese shipbuilder Privinvest for allegedly paying bribes in relation to the decade-old "tuna bond" scandal. The African republic sued Privinvest and its now late owner Iskandar Safa, alleging they paid bribes to Mozambican officials and Credit Suisse bankers. Privinvest and Safa, however, denied any wrongdoing and said any payments were lawful. Judge Robin Knowles said on Monday that he had ruled "substantially in favour" of Mozambique. In his written ruling, the judge said Mozambique is "entitled as against Mr Safa and the Privinvest companies" to payment of just over $825 million.
