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Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over 'tuna bonds' scandal
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Mozambique ex-finance minister sentenced in US to 8-1/2 years in prison over 'tuna bonds' scandal
Jan 17, 2025 11:05 AM

NEW YORK, Jan 17 (Reuters) - 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 fishing industry.

Manuel Chang, 69, was convicted in August by a Brooklyn jury

of conspiracy to commit wire fraud and conspiracy to commit

money laundering in the "tuna bonds" case, following a four-week

trial.

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