Mozambique's Former Finance Minister Jailed in 'Tuna Bond' Scandal
2025-01-18
The New York Times
Manuel Chang, Mozambique's ex-finance minister, has been sentenced to eight and a half years in prison for his role in the 'Tuna Affair', a loan scandal that crippled the country's economy. Chang took around $7 million in bribes and kickbacks, contributing to a major financial crisis. The 'Tuna Bond' scandal has had far-reaching consequences, affecting Mozambique's economic growth and stability. With this verdict, the country hopes to bring closure to a painful chapter in its history. The sentencing serves as a reminder of the importance of accountability and transparency in governance, and the need to prevent corruption and money laundering.
