Mozambique’s Ex-Finance Minister Sentenced to Prison Over ‘Tuna Affair’

Former Mozambique finance minister Manuel Chang has been sentenced to eight and a half years in prison and ordered to pay $7 million in forfeiture for his role in a multibillion-dollar fraud scheme that defrauded investors of about $2 billion. Chang conspired to commit wire fraud and money laundering through loans for maritime projects, taking $7 million in bribes. The scheme involved Credit Suisse and other banks arranging loans for Mozambique, resulting in substantial losses for investors, and Chang was arrested in South Africa in 2018 and extradited to the U.S. in 2023.

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