Mozambique Ex-Finance Minister Jailed for 2.5 Years in Tuna Bond Scandal
2025-01-17
MSN
In a significant development, a US court has handed down an additional 2.5-year prison sentence to Mozambique's former finance minister for his involvement in the high-profile 'tuna bond' corruption case. This scandal led to a severe financial crisis in the African nation, highlighting the need for greater transparency and accountability in government dealings. The 'tuna bond' scheme has been widely reported and remains a major concern for financial regulatory bodies, with many calling for increased scrutiny of government-backed debt and corruption investigations. The ruling is expected to have far-reaching implications for corruption cases in Africa, with a focus on economic corruption and financial fraud.
