Ex-Mozambique Minister Gets 8 1/2 Years in US Bond Fraud
A former Mozambique finance minister was sentenced to 8 1/2 years in prison by a US judge for his role in a $2 billion bond fraud that ensnared Credit Suisse Group AG and triggered a financial crisis for the African nation.
Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case
Mozambique’s former finance minister is set to be sentenced Friday in a New York court on wire fraud and money laundering charges stemming from the infamous “ tuna bond ” scandal that triggered a financial crisis in the impoverished African nation.
Mozambique’s Ex-Finance Minister Sentenced to Prison Over ‘Tuna Affair’
Manuel Chang will spend eight and a half years in prison for taking about $7 million in bribes and kickbacks in a loan scandal that sent the country’s economy into a crisis.
Mozambique's Finance Scandal: Former Minister Sentenced in $2 Billion Fraud
Manuel Chang, former Mozambican finance minister, has been sentenced to 8-1/2 years for his involvement in a $2 billion loan fraud. The scheme, linked to the 'tuna bonds' case, led to massive financial losses and turmoil.
Just In: Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over ‘tuna bonds’ scandal
Chang convicted of conspiracy to commit wire fraud and money laundering Prosecutors sought longer sentence, citing $2 billion loan fraud impact Chang's lawyers sought no prison time due to prior custody,
Mozambique’s former finance minister Manuel Chang to be sentenced in U.S. today
Former Finance Minister Manuel Chang will be sentenced this Friday in Brooklyn, in United States of America (USA), at 11:00 a.m. local time (6:00 p.m. in Mozambique). Chang was tried in the U.S. on ch
Mozambique's Tuna Bond Scandal: Former Finance Minister Sentenced
Former Mozambique finance minister Manuel Chang received an 8.5-year prison sentence for his role in a $2 billion fraud involving state loans. Convicted of conspiracy in the 'tuna bonds' case, Chang faces deportation after serving roughly 2.
Ex-Mozambique finance minister faces sentencing in New York over $2B ‘tuna bond’ scandal
Manuel Chang, 69, was convicted last year of accepting payoffs to put his homeland secretly on the hook for about $2 billion in loans from major overseas banks.
US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case
US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case.
Alert: US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case
NEW YORK (AP) — US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case.
Ex-Mozambique Finance Minister Gets 8½ Years in Prison in Bribery Scheme
A U.S. federal judge said Manuel Chang betrayed his country in one of the biggest debt-corruption scandals in Africa.
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The Tuna Bonds Scandal and the fishy business of hidden debt
Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that... The Tuna Bonds Scandal and the fishy business ...
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Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over 'tuna bonds' scandal Worldcategory· January 17, 2025 Mozambique President Daniel Chapo on Friday appointed Carla ...