Former Mozambique finance minister pleads not guilty in U.S. federal court over $2 billion scandal

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NEW YORK (AP) — Mozambique’s former finance minister pleaded not guilty in a U.S. federal court in New York on Thursday in connection with a $2 billion…

In a letter a month ago to U.S. District Judge Nicholas Garaufis, one of Chang’s attorneys sought to have the case dismissed, asserting that Chang’s right to a speedy trial had been violated.

The judge raised that point in court Thursday, but was persuaded by the prosecution’s suggestion that another jury might see things differently. Much of Thursday’s hearing focused on whether Chang should be released on bail. The judge, citing the amount of money involved and the gravity of the charges, agreed with prosecutors that he could be a flight risk.

The scandal centers on loans totaling $2 billion that were supposed to go toward purchasing fishing vessels and naval patrol boats to bolster Mozambique’s fishing industry. But prosecutors say the investments never happened.

 

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