Hidden debts: Safa heirs ordered to pay Mozambique $150,000
By the AFREEQUE newsroom, based on Aimnews
The British courts have rejected an appeal by the heirs of Iskandar Safa, founder of Privinvest, against their inclusion in Mozambique’s hidden debts case. They ordered them to pay Mozambique more than $150,000, according to a source at the Mozambican Attorney-General’s Office quoted by Miramar.
The British courts have rejected an appeal by Iskandar Safa’s heirs and ordered them to pay more than $150,000 to Mozambique in the hidden debts case. A source at the Mozambican Attorney-General’s Office, quoted by private broadcaster Miramar, said the decision confirms their inclusion in the proceedings to compensate the state.
The heirs challenged a first-instance ruling issued in June 2025, which had called on them to answer for repayment on behalf of their father, founder of the Privinvest group, who died between the trial and the delivery of the judgment. They argued that his widow and children had not taken part in the events that gave rise to the disputed loans. The court noted, in particular, that they had not renounced Iskandar Safa’s inheritance.
The decision comes after the rejection, reported on 21 October, of the Safa family’s appeal in London, concerning a ruling that Privinvest pay Mozambique $1.9 billion. The shipbuilding group, founded by Safa, is at the heart of the hidden debts scandal.
Summary produced with the help of artificial intelligence tools, under AFREEQUE’s editorial responsibility.
