Summary
In 2013, investors who believed they were lending a state-owned company $850 million to buy a tuna fishing fleet quickly learned that the funds had partially been diverted to buy naval vessels. The tuna fleet was designed to conceal a massive maritime protection and security deal from which senior figures in the Guebuza administration expected to make vast profits. The cost of the vessels was vastly inflated, and it is believed that the President and his allies pocketed the difference.