US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case

Mozambique ex-finance minister convicted in ‘tuna bonds’ case

Manuel Chang found guilty in $2bn financial conspiracy scheme

Mozambique ex-finance minister convicted in US over ‘tuna bonds’ scandal

By Luc Cohen NEW YORK (Reuters) – A former Mozambique finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop the African nation’s fishing industry. Jurors found Manuel Chang guilty of conspiracy to commit wire fraud and conspiracy to commit money laundering in the “tuna bonds” case, following a three-week trial in fede…

Mozambican ex-finance minister convicted in $2 billion tuna kickback scandal

Between 2013 and 2016, three Mozambican-government-controlled companies quietly borrowed $2 billion from major overseas banks.

Mozambique’s former finance minister convicted in $2bn ‘tuna bonds’ case

Manuel Chang was accused of taking $7mn in bribes in scandal linked to loans from Credit Suisse and VTB Capital

US jury convicts Mozambique's ex-finance minister Manuel Chang in ‘tuna bonds' corruption case

Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a bribe conspiracy case that welled up from from his country's '' tuna bond '' scandal and swept into a U.S. court.

Ex-Mozambique Finance Minister Found Guilty in $2 Billion 'Tuna Bonds' Fraud

Ex-Mozambique Finance Minister Found Guilty in $2 Billion 'Tuna Bonds' Fraud In a significant legal turn, former Mozambique Finance Minister Manuel Chang was convicted on Thursday on U.S. criminal charges linked to a $2 billion loan fraud concerning the development of Mozambique's fishing industry. The case, heard over three weeks in Brooklyn's federal court, saw jurors find Chang guilty of conspiracy to commit wire fraud and money laundering.T…