Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the progress of investigations by UK authorities into alleged financial crimes related to $2 billion in loans arranged by London branches of Credit Suisse and VTB to Proindicus, Ematum Mozambique Asset Management in Mozambique.

The relevant UK authorities have considered the allegations against UK-based banks and have offered assistance to Mozambique in relation to their investigations. The Treasury is not in a position to comment on any criminal investigations by law enforcement authorities.

Separate to any criminal investigation, the Financial Conduct Authority is currently progressing a regulatory investigation into Credit Suisse’s systems and controls concerning and relating to the loans it provided to the Mozambique government.