This debacle culminated in a United States court sentencing former Finance Minister Manuel Chang to eight-and-a-half years for fraud and money laundering on 17 January (AC Vol 64 No 25  'Corruption defence' in loans trial)...
	 
    
    
    
    
        
	
	     He was also angered by South Africa's arrest and subsequent extradition of Mozambique's former finance minister Manuel Chang to face trial in the United States...
	 
    
    
    
    
        
            Vol 65 No 16 | 
            - MOZAMBIQUE
 
        
        
		
        
        
    
        
	
	     He agreed that payments totalling over $7m by Privinvest to then-Finance Minister Manuel Chang were bribes...
	 
    
    
    
    
        
            Vol 64 No 25 | 
            - MOZAMBIQUE
 
        
        
		
        
        
    
        
	
	     VTB should also have known  Maputo's counsel argued  that former Finance Minister Manuel Chang  who is about to go on trial in New York after being extradited from South Africa  had no authority to sign the state guarantee of the loans without parliamentary approval  which nullifies the guarantee (Dispatches 28/6/23  Maputo's ex-finance chief to face New York trial in hidden loan scandal)...
	 
    
    
    
    
        
            Vol 64 No 18 | 
            - MOZAMBIQUE
 
        
        
		
        
        
    
        
	
	     Nyusi may yet face embarrassment when former finance minister Manuel Chang stands trial in New York on charges connected to the loans (Dispatches 28/6/23  Maputo's ex-finance chief to face New York trial in hidden loan scandal)...
	 
    
    
    
			
        
DISPATCHES
    
		
    
        
	
	    A decade after details emerged of US$2 billion hidden loans to finance a bogus maritime security project embroiled Credit Suisse and Russia's VTB bank  the former finance minister of Mozambique  Manuel Chang  and Najib Allam  a director Franco-Lebanese Privinvest shipbuilding company  are finally set to face trial in the United States...
	 
    READ FOR FREE
    
    
			
        
DISPATCHES
    
		
    
        
            Vol 64 No 12 | 
            - MOZAMBIQUE
 
        
        
		
        
        
    
        
	
	    Maputo's former finance minister Manuel Chang has lost a last-ditch court appeal and faces extradition to the United States on charges over his role in the US$2 billion hidden loans corruption scandal...
	 
    READ FOR FREE
    
    
    
        
	
	     Knowles added dryly that the email account of former Finance Minister Manuel Chang was provided but 'its contents appear to have been deleted'...
	 
    
    
    
    
        
	
	     While Nyusi weathered that storm  it remains likely that former Finance Minister Manuel Chang will soon be extradited to the United States from South Africa  and if Chang decides to tell all  it could have serious implications for the President...
	 
    
    
    
    
        
	
	    The United States and Mozambican governments have been fighting for the right to extradite former finance minister Manuel Chang from South Africa to face money-laundering and fraud charges  but Maputo's efforts are running out of road...