2016 Mozambique financial crisis suspect, ex-Finance Minister Manuel Chang, faces US trial over alleged $2bn "tuna bond" misuse for bribes and illicit activities.
Former Mozambique Finance Minister Manuel Chang faces trial in the US over the "tuna bond" scandal, which led to a financial crisis in Mozambique in 2016. Chang is accused of misleading banks into lending $2bn to Mozambique, with funds allegedly used for bribes and illicit activities instead of the intended tuna fishing boats and equipment. The trial is expected to shed light on the extent of corruption involved.
July 17, 2024
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