Manuel Chang and the 'tuna bond scandal': Mozambique ex-minister guilty in US corruption case

Manuel Chang is found guilty in the "tuna bond" conspiracy that triggered an economic crisis in Mozambique.

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Manuel Chang was found guilty of accepting pay-offs through US banks for approving secret loans.

The loans were intended to pay for a fleet of tuna fishing ships and other projects, leading to the affair being dubbed the "tuna bond" scandal.

But the loans were plundered, leaving Mozambique $2bn (£1.5bn) in debt.

Chang was arrested in South Africa in 2018, and extradited to the US the following year to face fraud and money-laundering charges.

https://www.bbc.com/news/articles/c23l8g849mvo

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