Ex-Mozambique Finance Minister Sentenced in $2 Billion Corruption Case

Manuel Chang receives 102-month prison term for wire fraud and money laundering in a scandal that devastated Mozambique's economy.

Manuel Chang, Mozambique's former finance minister, was sentenced to over eight years in prison for his role in a $2 billion fraud and bribery scheme.
The 'hidden debt' scandal involved secret loans meant for maritime projects but saw over $200 million diverted to bribes and kickbacks.
Chang personally received $7 million in bribes for approving fraudulent loans guaranteed by the Mozambican government.
The scandal plunged Mozambique into a severe economic crisis, with millions pushed into poverty and international aid withdrawn.
Chang, extradited to the U.S. after years of legal battles, was also ordered to forfeit $7 million, with restitution to be determined later.