Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case
Published on: Thursday 16 January 2025
Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial crisis in the struggling African nation. Manuel Chang, 69, was convicted last year of accepting payoffs to put his homeland secretly on the hook for about $2 billion in loans from major overseas banks. A federal judge in New York on Friday sentenced Chang to eight-and-a-half years in prison, including nearly six years he has already served behind bars in the U.S. and South Africa, where he was arrested in 2018.
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