On the evening of January 29th, Franco-Lebanese magnate Iskandar Safa, known as the owner of Privinvest, passed away in France after a prolonged battle with a serious illness. The news of his death was initially reported by the newspaper "Le Monde".
In Mozambique, Iskandar Safa became a well-known figure, especially on social media and in traditional media, during the trial of the defendants in the so-called "hidden debts" case. This financial scandal involved alleged damages to the Mozambican state amounting to 2.2 billion US dollars.
Safa's name has repeatedly surfaced in the context of revelations made during the hidden debts trial. He and executive Jean Boustani were targeted in lawsuits by the Mozambican state due to their alleged involvement in the events that resulted in this significant financial burden.
Iskandar Safa's legacy remains controversial, with differing opinions on his role in the hidden debts and their impact on the Mozambican economy. While some see him as one of those responsible for the damage inflicted on the country's finances, others may remember him as a complex figure who sparked debates about transparency and accountability in the financial sector.
The death of Safa marks the end of a tumultuous chapter in the annals of Mozambique's hidden debts. As the nation grapples with the consequences of these events, the memory of Iskandar Safa will remain linked to an episode that had significant repercussions on his economic and legal career.
