Former Finance Minister Manuel Chang could be sentenced this Friday in the United States of America (USA) at 11 a.m. local time and 6 p.m. in Mozambique.
Chang was tried in the US on charges of conspiracy to commit wire fraud and conspiracy to commit money laundering.
"The charges were related to his role in compromising Mozambique to guarantee 2 billion dollars in loans for the purchase of offshore security and fishing equipment to the Lebanese shipbuilder Privinvest in 2013, as part of a scheme known as the 'hidden debts' or 'tuna bond' scandal," recalls the Zitamar.
Chang was found guilty of the crimes he is accused of on August 8, 2024, by a New York court.
Manuel Chang was accused of three crimes, but the charge of conspiracy to commit securities fraud was dropped.
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