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NERA Economist Provides Expert Analysis and Testimony in United States of America vs. Boustani, et al.
02 December 2019
New York – NERA Economic Consulting was retained by the Defendant Jean Boustani, an executive of Privinvest Group, to provide economic analysis and testimony in a case involving alleged fraud and conspiracy to commit money laundering in relation to $2 billion in Mozambican state-backed loans for maritime projects.
As part of a defense case led by Willkie, Farr & Gallagher LLP in the United States District Court for the Eastern District of New York, the jury heard Dr. Chudozie Okongwu, the head of NERA’s European Finance, Litigation, and Dispute Resolution Group. Dr. Okongwu provided oral testimony on macroeconomic conditions in Mozambique and the performance and risks of investments in Mozambican debt. On 2 December, after a six-week trial, the jury returned a verdict acquitting Boustani of all charges.
The trial and acquittal received widespread international media attention.
About NERA
NERA Economic Consulting (www.nera.com) is a global firm of experts dedicated to applying economic, finance, and quantitative principles to complex business and legal challenges. For more than six decades, we have been creating strategies, studies, reports, expert testimony, and policy recommendations for government authorities and the world’s leading law firms and corporations. We bring academic rigor, objectivity, and real-world industry experience to issues arising from competition, regulation, public policy, strategy, finance, and litigation.
NERA’s clients value our ability to apply and communicate state-of-the-art approaches clearly and convincingly, our commitment to deliver unbiased findings, and our reputation for quality and independence. Our clients rely on the integrity and skills of our unparalleled team of economists and other experts backed by the resources and reliability of one of the world’s largest economic consultancies. Continuing our legacy as the first international economic consultancy, NERA serves clients from major cities across North America, Europe, and Asia Pacific.