Russia’s VTB Bribe Claim May Set Back Kremlin Bank’s Africa Ambitions
Bribe allegations leveled in court against a VTB Group executive may complicate the Russian state-owned bank’s attempts to recoup a $535 million loan that’s part of a major debt scandal in Mozambique. A New York court heard testimony last month that the VTB executive in charge of the deal, Makram Abboud, took $2 million in…