in Business & Finance

Maputo court gives ex-LAM official suspended sentence

Posted 26 January 2017 · Add Comment

A Maputo District Court has convicted a former financial director of LAM for abuse of office following a Mozambican anti-corruption task-force investigation into several airline executives last year, reports ch-aviation.

Jeremias Tchamo was given a two-year suspended sentence.

The GCCC's case had centred on Tchamo awarding twenty-five contracts worth MZN5.3 million meticais (USD190,000) to a construction firm linked to his brother, who was also a LAM employee at the time. The violations are said to have occurred between 2008 and 2014.

The GCCC has also looked into LAM's dealings with an unspecified foreign firm over the purchase, sale and hire of two Dash 8-400s in 2008 during the administration of José Viegas.

Mozambique's Transport and Communications Minister, Carlos Mesquita, has also pledged to investigate reports that LAM executives engaged in corrupt practices when they agreed to purchase two EMB-190s from Embraer in 2008.

This case stems from a US Department of Justice investigation into Embraer over corrupt dealings between 2008 and 2010. The Brazilian manufacturer has since agreed to pay the DOJ and Brazilian authorities USD205 million as part of a global settlement.

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