mozambique
New York (AFP) - A ruby sold at Sotheby's in New York on Thursday for $34.8 million, setting a new record price at auction for the precious stone. The 55.22-carat gemstone named Estrela de Fura was already the largest ruby ever to go under the hammer. It was cut from a 101-carat rough stone discovered in July last year at the Montepeuz ruby mine in Mozambique operated by the Fura Gems company. The stone was the star attraction of a sale offering 100 different pieces of jewelry. Offered at a starting price of $21 million, it sold for $30 million plus fees and commissions to an anonymous telepho...
AFP
New York (AFP) - Credit Suisse has agreed to pay $475 million to US and British authorities to resolve charges of "fraudulently misleading investors" and violating anticorruption law in the bond offerings in Mozambique, US officials announced Tuesday. Mozambique's "hidden debt" scandal stemmed from loans in 2013 and 2014 to three public companies to finance a tuna fishing project, debt the government masked from the nation's parliament. When details finally surfaced in 2016, donors such as the International Monetary Fund cut off financial aid, and the southern African country was plunged into ...
AFP
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