Pretoria - The United States of America on Wednesday expressed disappointment with Pretoria's decision to send home former Mozambique finance minister Manuel Chang, who has been held since December on a US arrest warrant, to face corruption charges in Maputo.
"Mearkle said Chang is accused of carrying out a $2 billion fraud in a money laundering scheme "that took advantage of the US financial system and defrauded US investors". The procurement of the loans, effectively driven by the country’s security services, bypassed all regulatory oversight. This hidden debt led the International Monetary Fund to suspend lending to Mozambique and all 14 donors and funding agencies that used to provide direct support to the Mozambican state budget, and the IMF also suspended all disbursement.