Mozambique's Former Finance Minister Jailed for 8.5 Years in 'Tuna Bond' Scandal
2025-01-18
The New York Times
In a significant ruling, Manuel Chang, Mozambique's ex-finance minister, has been sentenced to 8.5 years in prison for his involvement in a high-profile loan scandal. The 'Tuna Affair' or 'Tuna Bond' scandal, as it's known, saw Chang taking around $7 million in bribes and kickbacks, contributing to a major economic crisis in the country. This move is expected to bring some closure to the long-running case, which has been closely watched by financial experts and corruption watchdogs, highlighting the need for transparency in government dealings and economic corruption prevention. With this verdict, Mozambique aims to rebuild its economy and prevent future financial corruption cases.
