Mozambique Ex-Finance Minister Jailed for 8.5 Years in 'Tuna Bond' Scandal
Mozambique's former finance minister, Manuel Chang, has been sentenced to 8.5 years in prison for his role in a loan scandal that crippled the country's economy. Chang was found guilty of accepting around $7 million in bribes and kickbacks, sparking a financial crisis that led to widespread economic instability. The 'Tuna Bond' scandal, as it has come to be known, has had far-reaching consequences for Mozambique, including a significant decline in investor confidence and a rise in corruption allegations. The sentencing is seen as a major step towards accountability and justice in the country, with anti-corruption efforts and financial transparency being key to its economic recovery. Popular keywords include economic crisis, corruption, and financial scandal.
