A pensive Manuel Chang in one of his court appearances in Gauteng (South Africa)Photo: News24 The United States is set to deport disgraced former Mozambican Finance Minister Manuel Chang to Maputo on 26 March, according to local reports. Chang has served seven years in an American prison after being convicted of conspiracy to commit wire fraud and money laundering in connection with the $2.7 billion loan scheme known as the “hidden debts,” which plunged Mozambique into financial crisis. He signed the sovereign guarantees that enabled three state-owned companies to borrow billions from international banks between 2013 and 2016, in secret. The loans were intended for the acquisition of a tuna fleet, the construction of a shipyard,...
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Former Mozambican Finance Minister Manuel Chang has finally been extradited to the United States after a protracted extradition battle played out in South African courts.
On Wednesday, South Africa’s Justice and Correctional Services surrendered Chang to US Marshals Service, who promptly flew him to the US, where he is to be tried on charges of fraud.
Click on the picture to see the timeline from his arrest on 29 December 2018 to his extradition on 12 July 2023.
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