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)...

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)...

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...

Meanwhile disgraced former Finance Minister Manuel Chang looks likely to be extradited to the United States to answer charges in connection with the hidden loans after the High Court in Gauteng denied an appeal on 27 July...

South Africa cannot make up its mind what to do with former Mozambican Finance Minister Manuel Chang in jail for nearly three years since his arrest in December 2018 in Johannesburg airport on Interpol orders...

Do Rosario painted Nyusi as the lynchpin of the hidden loans scheme saying he not only approved the projects operationally but also indicated Credit Suisse and VTB as the preferred lenders instructing former Finance Minister Manuel Chang to approve state guarantees for the loans...