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 President Appoints New Finance, Energy Ministers
MAPUTO (Reuters) - Mozambique President Daniel Chapo on Friday appointed Carla Louveira as finance minister and Estevão Pale as mineral resources and energy minister.
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.
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.
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.
Ex-Mozambique Minister Sentenced For Role In 'Hidden Debt' Scandal
Former Mozambican finance minister Manuel Chang was sentenced to more than eight years in prison on Friday in connection with a graft scandal that sparked an economic crisis in his home country.
Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over 'tuna bonds' scandal
A former Mozambique finance minister was sentenced on Friday to 8-1/2 years in prison after being found guilty of participating in a fraud involving $2 billion in loans to three state-owned companies to develop the southern African country's marine infrastructure.
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.
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.
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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 ...
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Mozambique's President appoints new Cabinet with woman as prime minister
Mozambique’s President Daniel Chapo announced his Cabinet on Friday, appointing Maria Benvinda Levi as prime minister, making ...
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 custo ...