Mozambique’s ex-finance minister given two more years in prison

Mozambique’s former finance minister will serve another two and half years behind bars for his part in the “tuna bond” scandal that plunged his home nation into a financial crisis.

According to AP on January 17, Manuel Chang, 69, was convicted last year of receiving bribes for clandestinely agreeing to $2bn in loans from major overseas banks, making Mozambique liable for repayment.

A federal judge in New York increased his sentence from six years to eight and a half, with Chang saying: “I deeply regret the damage I have caused.”

AP