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Former Mozambique Minister Sentenced in $2 Billion Scandal

1/18/2025

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Summary

Story summary

Manuel Chang, the former finance minister of Mozambique, faces 8.5 years behind bars after being found guilty of wire fraud and money laundering in a staggering $2 billion "tuna bonds" scandal. His acceptance of $7 million in bribes has left a lasting scar on Mozambique's economy and strained its global ties.

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Story summary

Manuel Chang, the former finance minister of Mozambique, faces 8.5 years behind bars after being found guilty of wire fraud and money laundering in a staggering $2 billion "tuna bonds" scandal. His acceptance of $7 million in bribes has left a lasting scar on Mozambique's economy and strained its global ties.