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Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case
A federal court in New York has sentenced Mozambique’s former finance minister to another two-and-a-half years behind bars for his role in the “tuna bond” corruption scandal that triggered a financial crisis in the African nation.
Mozambique’s Ex-Finance Minister Sentenced to Prison Over ‘Tuna Affair’
Manuel Chang will spend eight and a half years in prison for taking about $7 million in bribes and kickbacks in a loan scandal that sent the country’s economy into a crisis.
Ex-Mozambique Minister Gets 8 1/2 Years in US Bond Fraud
A former Mozambique finance minister was sentenced to 8 1/2 years in prison by a US judge for his role in a $2 billion bond fraud that ensnared Credit Suisse Group AG and triggered a financial crisis for the African nation.
Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over 'tuna bonds' scandal
A former Mozambique finance minister was sentenced on Friday to 8-1/2 years in prison after being found guilty of participating in a fraud involving $2 billion in loans to three state-owned companies to develop the southern African country's marine infrastructure.
Mozambique's Tuna Bond Scandal: Former Finance Minister Sentenced
Former Mozambique finance minister Manuel Chang received an 8.5-year prison sentence for his role in a $2 billion fraud involving state loans. Convicted of conspiracy in the 'tuna bonds' case, Chang faces deportation after serving roughly 2.
US court sentences former Mozambique finance minister to extended prison term
Mozambique’s former finance minister, Manuel Chang, has been sentenced to serve eight-and-a-half years in prison this Friday for his role in the 'tuna bond' scandal by a Brooklyn court. In 2005,
Ex-Mozambique finance minister faces sentencing in New York over $2B ‘tuna bond’ scandal
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.
Mozambique's Finance Scandal: Former Minister Sentenced in $2 Billion Fraud
Manuel Chang, former Mozambican finance minister, has been sentenced to 8-1/2 years for his involvement in a $2 billion loan fraud. The scheme, linked to the 'tuna bonds' case, led to massive financial losses and turmoil.
Alert: US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case
NEW YORK (AP) — US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case.
US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case
US court sentences Mozambique’s ex-finance minister to another 2.5 years behind bars in ‘tuna bonds’ corruption case.
Northcountrypublicradio.org
1mon
The Tuna Bonds Scandal and the fishy business of hidden debt
The culprit was a government corruption scandal linked to more than $1 billion that... The
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Scandal and the fishy business of hidden debt Back in 2016, the economy of Mozambique tipped ...
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What's So Special About Bottled-In-Bond Whiskey?
Bottled in bond isn't just some marketing term on your whiskey. It turns out that this label is pretty informative. Here's ...
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