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former Mozambican finance ministerABC News
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84% Informative
Former Mozambican finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis.
Manuel Chang is being tried on charges that he took bribes to commit his country to huge loans.
Prosecutors say huge chunks of the loan proceeds went to bribes and kickbacks to bankers and government officials.
The loans were supposed to go in part to tuna fishing ships, a shipyard and radar systems.
In Mozambique , at least 10 people have been convicted and sentenced to prison over the scandal.
South African courts dismissed the Mozambican government’s attempts to have Chang face charges there.
Some Mozambicans argued that he would be treated too leniently in his homeland and should be sent to the U.S. instead.
VR Score
89
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88
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75
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English
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