Mozambique ex-finance minister convicted in US over 'tuna bonds' scandal


NEW YORK (Reuters) - A former Mozambique finance minister was convicted on Thursday on U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies to develop the African nation's fishing industry.

Jurors found Manuel Chang guilty of conspiracy to commit wire fraud and conspiracy to commit money laundering in the "tuna bonds" case, following a three-week trial in federal court in Brooklyn, New York.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

South Korea protests Japanese event over disputed islands
California avalanche: All nine victim bodies recovered
Two KLM aircraft collide on the ground at Schiphol Airport
Trump says he is sending a hospital ship to Greenland
OIC condemns statements by US ambassador to Israel
Trump hikes US global tariff rate to 15%
Australia rejects report it is repatriating families of IS militants from Syrian camp
5 bodies of migrants washed ashore in east of Libya's capital Tripoli, police officer says
Islamic State claims two attacks on Syrian army, announces ‘new phase’ of operations
German duo Nolte/Levi defend Olympic title in 2-woman bobsled

Others Also Read