Manuel Chang found guilty

Former Mozambican Finance Minister Manuel Chang has been convicted by a U.S. federal jury on charges related to a financial conspiracy tied to the 'tuna bond' scandal, which led to Mozambique incurring $2 billion in hidden debt. Prosecutors accused him of accepting bribes and facilitating the diversion of funds intended for maritime projects, contributing to a significant financial crisis in Mozambique. Chang's defense claimed he acted under government directives and denied receiving any payments for his actions. Following a trial that lasted three weeks, the jury found him guilty of wire fraud and money laundering conspiracy. U.S. Attorney Breon Peace hailed the verdict as a victory for justice in Mozambique, while Chang's sentencing, which could impose up to 20 years in prison, has yet to be scheduled. The case highlights the extent of corruption within Mozambique's financial dealings during Chang's tenure from 2005 to 2015.