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Mozambique Ex-Finance Minister Manuel Chang Jailed in 'Tuna Bond' Scandal

The New York Times

Manuel Chang, Mozambique's former finance minister, has been sentenced to eight and a half years in prison for his role in the 'Tuna Affair', a loan scandal that led to the country's economic crisis. Chang accepted approximately $7 million in bribes and kickbacks, contributing to the financial turmoil. This high-profile case highlights the ongoing struggle against corruption in Mozambique, with the government working to restore economic stability and transparency. The 'Tuna Bond' scandal has had far-reaching consequences, impacting the country's credit rating and economic growth. Chang's sentencing serves as a step towards accountability and justice in the corruption-plagued nation.