Mozambican authorities closes Chinese firm over money laundering.

A Chinese-owned private security firm has been closed in Mozambique’s port city of Beira for alleged involvement in money laundering.

The attorney general’s office (PGR) accuses the owner of Panda Security, Jiye Zhuo, of defrauding the state of about thirteen million dollars through tax evasion.

Another of his firms, the Thian Hai petrol station, was closed by authorities two months ago, also on allegations of money laundering.

The PGR also suspects him of financing terrorism, forging documents, conspiracy and environmental crimes, however Mr. Jiye has not commented on the allegations.