Manuel Chang will spend eight and a half years in prison for taking about $7 million in bribes and kickbacks in a loan ...
Chang was Mozambique’s top finance official from 2005 until 2015, when he signed off on loans that were supposed to pay for a ...
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 ...
Former Mozambican finance minister Manuel Chang was sentenced to more than eight years in prison on Friday in connection with ...
Manuel Chang, former Mozambique finance minister, received an 8.5-year prison sentence for his role in a $2 billion fraud, involving loans to state-owned companies for Mozambique's fishing industry.
The loans were meant to develop Mozambique's fishing industry and improve maritime security, but the projects collapsed and the state-backed companies defaulted, leaving investors - including some ...