Mozambique ex-finance minister should be extradited to U.S.: embassy
23 May 2019

Washington urged South Africa on Wednesday to extradite Mozambique’s former finance minister Manuel Chang to the United States to face charges related to a $2 billion debt scandal, after it was decided he be sent to his home country.

Chang has been in custody in South Africa since December when he was arrested at the United States’ request for his alleged involvement in $2 billion of borrowing that U.S. authorities say was fraudulent. He denies wrongdoing.

South African Justice Minister Michael Masutha, who had to decide where to have Chang extradited following a double request, said on Tuesday he will go to his homeland.

The U.S. Embassy in Pretoria said it had noted the decision “with great disappointment”.

“Manuel Chang is accused of carrying out a $2 billion fraud and money laundering scheme that took advantage of the U.S. financial system and defrauded U.S. investors. It is because of Chang’s alleged involvement in these financial crimes that the United States sought Mr. Chang’s arrest and extradition,” the embassy said in a statement.

By Olivia Kumwenda-Mtambo and Emma Rumney, Reuters, 22 May 2019

Read more at Reuters

Photo: MOPA Maputo [CC BY-SA 2.0], via Wikimedia Commons

Read more:

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Money laundering: Ex-Credit Suisse bankers arrested over $2 billion-loan fraud scam

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