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Mozambique Ex-minister Guilty Of One Of Africa's Biggest Scandals
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Kandungan disediakan oleh Africa Business Radio. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Africa Business Radio atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
A US court has convicted a Mozambican former finance minister over a 10-year-old conspiracy that triggered the worst economic crisis in his home country since independence. Manuel Chang was found guilty of accepting pay-offs through US banks for approving secret loans which were intended to pay for a fleet of tuna fishing ships and other projects, leading to the affair being dubbed the "tuna bond" scandal. But the loans were plundered, leaving Mozambique $2bn (£1.5bn) in debt. Chang was arrested in South Africa in 2018, and extradited to the US the following year to face fraud and money-laundering charges. Ten other people have been imprisoned in Mozambique over the scandal, including the son of then-President Armando Guebuza.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
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Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
1000 episod
MP3•Laman utama episod
Manage episode 433834771 series 3174974
Kandungan disediakan oleh Africa Business Radio. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Africa Business Radio atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
A US court has convicted a Mozambican former finance minister over a 10-year-old conspiracy that triggered the worst economic crisis in his home country since independence. Manuel Chang was found guilty of accepting pay-offs through US banks for approving secret loans which were intended to pay for a fleet of tuna fishing ships and other projects, leading to the affair being dubbed the "tuna bond" scandal. But the loans were plundered, leaving Mozambique $2bn (£1.5bn) in debt. Chang was arrested in South Africa in 2018, and extradited to the US the following year to face fraud and money-laundering charges. Ten other people have been imprisoned in Mozambique over the scandal, including the son of then-President Armando Guebuza.
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
…
continue reading
Become a supporter of this podcast: https://www.spreaker.com/podcast/africa-business-news--4166630/support.
1000 episod
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