Tuna bonds

The tuna bonds scandal (also known as the tuna bond affair or the hidden debt scandal) refers to a debt scandal where the company Privinvest and its owner Iskandar Safa are alleged to have paid over $100 million in bribes to officials in Mozambique and to Credit Suisse employees Andrew Pearse, Surjan Singh, and Detelina Subeva for contracts and loans to develop Mozambique's fishing industry and improve maritime security. However, later investigations discovered that the loans were backed by undisclosed and illegal state guarantees and a large part of the money was embezzled. Provided by Wikipedia