Mozambique ex-finance minister convicted in US over 'tuna bonds' scandal

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Mozambique ex-finance minister convicted in US over 'tuna bonds' scandal

NEW YORK -A former Mozambique finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop the African nation's fishing industry.

The projects eventually collapsed and the state-backed companies defaulted on their loans, leaving investors with millions of dollars in losses. Peace called Chang"a corrupt, high-ranking government official whose greed and self-interest sold out one of the poorest countries in the world." Prosecutors said officials and bankers embezzled $200 million of the $2 billion in financing raised for the projects from 2013 to 2016.

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US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption caseA U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a bribe conspiracy case that welled up from from his country’s “tuna bond” scandal. A federal jury in New York delivered the verdict Thursday.
منبع: AP - 🏆 728. / 51 ادامه مطلب »

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption caseA U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a bribe conspiracy case that welled up from from his country’s “tuna bond” scandal.
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US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption caseNEW YORK (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a bribe conspiracy case that welled up from from his country's “
منبع: Mynorthwest - 🏆 438. / 53 ادامه مطلب »

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption caseA U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a bribe conspiracy case that welled up from from his country’s “tuna bond” scandal.
منبع: ksatnews - 🏆 442. / 53 ادامه مطلب »

US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption caseA U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a bribe conspiracy case that welled up from from his country’s “tuna bond” scandal.
منبع: KPRC2 - 🏆 80. / 68 ادامه مطلب »