Mozambique's Former Finance Minister Jailed for 8.5 Years in 'Tuna Bond' Scandal
2025-01-18
The New York Times
Manuel Chang, Mozambique's ex-finance minister, has been sentenced to 8.5 years in prison for his role in the 'Tuna Bond' scandal, which involved taking around $7 million in bribes and kickbacks. The loan scandal led to a severe economic crisis in the country, highlighting the need for financial transparency and accountability. Chang's conviction serves as a significant blow to corruption in Mozambique, with the country seeking to recover from the devastating effects of the crisis. The 'Tuna Bond' scandal has sparked widespread outrage and calls for reform, with many hoping that this sentence will mark a turning point in the fight against corruption. Key terms: corruption, financial scandal, economic crisis
