DoJ Mozambique $2bn Bribery

On May 20, 2019, news outlets reported Detelina Subeva entered a guilty plea.

  • Plead guilty pursuant to a sealed agreement to one count conspiracy to launder.
  • Reportedly admitted laundering secret payments to bankers paid by Privinvest.


On Mar. 8, DoJ indicted officials from Mozambique in $2bn fraud.

  • Mozambique ex-finance minister was charged with other ex-Mozambican officials, include business executives, and investment bankers in alleged $2bn fraud, AML.

UAE Shipbuilder Officers

  • Jean Boustani, worked for Privinvest Group, a UAE-based shipbuilding company.
  • Conspired to commit wire and securities fraud and AML in relation to $200bn in
    bribes and kickbacks including 3 loans totaling $2bn, which sold to US investors.
  • Boustani has pleaded not guilty to the charges; a trial date has not yet been set.
  • Privinvest’s chief financial officer Najib Allam was charged with the same counts.
  • Allam allegedly worked with Boustani to make the bribe and kickback payments.

Mozambique Official

  • Antonio do Rosario, was official with state information and security service and a
    director and officer of three Mozambican entities which obtained maritime loans.
  • Money to fund maritime projects for which shipbuilder, would provide equipment.
  • Rosario charged with conspiracy to commit wire fraud, securities fraud, and AML.
  • Teofilo Nhangumele, acted for Office of the President charged re wire fraud, AML.
    in connection with negotiation and receipt of bribe payments related to the loans.

UK Investment Bankers

  • Three investment bankers, Andrew Pearse; Surjan Singh; and Detelina Subeva.
  • UK residents charged with wire and securities fraud, conspiracy to commit AML.
  • In addition, charged with conspiracy to violate anti-bribery and internal controls
    provisions of FCPA in connection with facilitating bribes to Mozambique officials.
  • Pearse, Singh and Subeva were arrested on Jan. 3, 2019 in UK, with provisional
    warrants, as requested by the United States, who are seeking their extraditions.