Mozambique's Former Finance Minister Jailed in 'Tuna Bond' Scandal

2025-01-18
Mozambique's Former Finance Minister Jailed in 'Tuna Bond' Scandal
The New York Times

Manuel Chang, Mozambique's ex-finance minister, has been sentenced to eight and a half years in prison for his role in the 'Tuna Affair', a loan scandal that rocked the country's economy. Chang was found guilty of taking approximately $7 million in bribes and kickbacks, contributing to a major financial crisis. The scandal, also known as the 'Tuna Bond' scandal, has had far-reaching consequences for Mozambique's economic stability. With this sentencing, the country takes a step towards accountability and transparency in government dealings, highlighting the importance of anti-corruption measures and financial regulation. The case has sparked widespread attention and outrage, with many calling for greater oversight and accountability in government financial transactions.

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