close
Friday, July 14, 2023

Mozambique’s former finance minister extradited to U.S. over corruption allegations

Mr Chang would be arraigned in the U.S. over charges of a $2 billion money laundering that plunged Mozambique into a financial crisis.

• July 13, 2023
Manuel Chang
Manuel Chang [photo credit:PM NEWS]

Manuel Chang, a former Mozambique finance minister, is reportedly being extradited to the United States on corruption allegations.

The Voice of America reports that Mr Chang’s case has since caused a financial crisis in Mozambique and a demand for arrest.

According to the report published on Thursday, Mr Chang was put on a U.S. jet on Tuesday and taken from South Africa to New York, where he will face fraud and money laundering accusations.

He would be arraigned in the U.S. over charges of a $2 billion money laundering that plunged Mozambique into a financial crisis.

The former minister was arrested in South Africa 2018 on a U.S. government warrant.

A spokesperson for South Africa’s justice minister, Chrispin Phir, said Mr Chang surrendered to the authorities following “a protracted legal process in the South African courts.

“His surrender followed a protracted legal process in the South African courts, which ranged from the magistrates’ courts right up to the Constitutional Court of South Africa where ultimately the leave of appeal by the Republic of Mozambique’s government was denied. Mr Chang will now stand trial in the United States of America on a number of charges,” he said.

Mr Chang is also accused of accepting millions of dollars in bribes to win unconstitutional loans for state-owned enterprises from overseas banks.

According to the U.S. government, American investors were among the scheme’s victims.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Jacob Zuma

Africa

Jacob Zuma’s release on parole unlawful, South Africa’s highest court rules

In 2021, Mr Zuma was serving a 15-month-term for corruption when he was released by the prison head after just serving two months.

BUK road Kano (Photo credit : Billboard Arena)

Kano

Court restrains Kano govt from demolishing buildings on BUK road

The Kano government had embarked on a planned demolition of houses located on the BUK Road in Gwale local government area of the state.

Small business

NationWide

Digitalisation of small businesses can increase Nigeria’s GDP by $50 billion: NITDA

Quoting a report to back up its claim, NITDA said that in 2018 “digitally transformed enterprises contributed $13.5 trillion to the global GDP”.

NationWide

11 prisoners graduate from NOUN, 50 others matriculate in Enugu custodial centre

The free higher educational programme is courtesy of the federal government through the National Open University of Nigeria (NOUN).

Governor Dikko Radda (Credit ; Leadership)

States

Katsina govt sets up committee to investigate killing of village head by bandits

The committee has two weeks within which to submit its report for subsequent consideration by the state government.

Sokoto Governor Ahmad Aliyu and Sen. Aminu Tambuwal

Politics

Gov. Aliyu to probe sale of Sokoto govt assets under Tambuwal

The government is probing land allocations, sales and auction of government houses, official vehicles, plants and machineries and related assets.