Chang convicted of conspiracy to commit wire fraud and money laundering Prosecutors sought longer sentence, citing $2 billion loan fraud impact Chang's lawyers sought no prison time due to prior ...
A former Mozambique finance minister was sentenced on Friday to 8-1/2 years in prison after being found guilty of participating in a fraud involving $2 billion in loans to three state-owned companies ...
Manuel Chang, former Mozambique finance minister, received an 8.5-year prison sentence for his role in a $2 billion fraud, involving loans to state-owned companies for Mozambique's fishing industry.
Manuel Chang, 69, was convicted last year of accepting payoffs to put his homeland secretly on the hook for about $2 billion in loans from major overseas banks.