US EditionUS jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case
- Former Mozambican Finance Minister Manuel Chang was convicted in a financial conspiracy case linked to his country’s "tuna bond" scandal in a U.S. court.
- Prosecutors accused Chang of accepting $7 million in bribes related to loans that resulted in $2 billion of "hidden debt" for Mozambique.
- U.S. Attorney Breon Peace called the verdict a victory for justice and the people of Mozambique, highlighting Chang's betrayal as a corrupt official.
39 Articles
39 Articles
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…
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…
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