By Sam Tobin
Mozambique is seeking more than $3 billion in damages from Emirati-Lebanese shipbuilder Privinvest over the decade-old “tuna bond” scandal, London’s High Court heard on Tuesday.
The republic’s lawyer, Jonathan Adkin, said the claim against Privinvest and its owner, French shipping magnate Iskandar Safa, is now valued at around $3.1 billion, comprising losses of $700 million and potential liabilities of $2.4 billion.
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