US court acquits shipbuilder’s sales rep over Mozambique corruption scandal

A US jury on Monday cleared a sales representative for a Lebanese shipbuilding company of charges that he helped to defraud US investors in bonds backed by the Mozambican government.

“Jean never met, spoke to, had a relationship, or lied to any investor,” Randall Jackson, one of Boustani's lawyers, said in a statement after the verdict. “This is a critical fact.” Credit Suisse sold parts of those loans to investors, including some in the US, who were falsely told that all the money was being used for the legitimate government projects, according to prosecutors.

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