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Former Mozambican Finance Minister Manuel Chang guilty in US for fraud, money laundering in $2bn bond scandal with Credit Suisse's 'tuna bonds'.
Former Mozambican Finance Minister Manuel Chang has been found guilty in the US of fraud and money laundering charges related to a $2bn bond scandal involving Credit Suisse.
The 'tuna bonds' scandal saw Chang accept bribes to secretly secure loans for government-controlled companies in Mozambique for tuna fishing ships and other maritime projects.
The loans were misused and led to a $2bn hidden debt crisis, causing a financial crisis in the country.
Chang faces up to 20 years in prison on the charges.
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El ex ministro de Finanzas de Mozambique, Manuel Chang, es culpable en Estados Unidos de fraude, lavado de dinero en un escándalo de bonos de $2 mil millones con los "bonos tuna" de Credit Suisse.