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Manuel Chang, the former Finance Minister of Mozambique, has been convicted on Thursday in a U.S. trial for his involvement in a $2 billion fraud scheme known as the 'Tuna Bonds' scandal. The charges included conspiracy to commit wire fraud and money laundering related to loans intended for three state-owned companies in Mozambique's fishing industry. The verdict was announced by U.S. Attorney Peace, who described it as a victory for justice and the people of Mozambique, who were betrayed by Chang's actions.
Mozambique ex-finance minister convicted in US over 'tuna bonds' scandal https://t.co/RBcRkiOFyL https://t.co/0lmTXToTVC
EDNY today: In Tuna Bonds verdict, Manuel Chang, former Finance Minister of Mozambique, was convicted of conspiracy to commit wire fraud & conspiracy to commit money laundering in connection with his role in a $2 billion fraud, bribery and money laundering scheme https://t.co/4dvdxGDWAf
“Today’s verdict is an inspiring victory for justice and the people of Mozambique who were betrayed by the defendant, a corrupt, high-ranking government official whose greed and self-interest sold out one of the poorest countries in the world,” stated U.S. Attorney Peace. https://t.co/F36AcYQv5a