Mozambique ex-minister coming home for Tuna Bond trial – The Wall Street Journal

Mozambique’s former finance minister will be extradited home rather than to the US, South Africa’s justice ministry said Tuesday.
Published on: 

The US has been eager to prosecute the players in the tuna bond scandal, but it looks like one fish is slipping out of its nets. Former Mozambique finance minister Manuel Chang will be heading home to face the music, rather than to the US. Given America's success in prosecuting the participants in the $2bn corruption scandal, the decision to send Chang to Mozambique may raise some eyebrows – there's a chance he'll get off more lightly than his alleged co-conspirators at Credit Suisse. On the other hand, Mozambique has a lot of egg on its face over this matter and it may be strongly motivated to make an example of Chang. One can only hope that justice prevails and that South African prosecutors are looking at these cases as an example of what can be done when it comes to state corruption. – Felicity Duncan

Mozambique ex-minister to be extradited home rather than to US

By Gabriele Steinhauser and Thandi Ntobela

JOHANNESBURG — Mozambique's former finance minister, who has been indicted in the US in connection with an alleged $2bn corruption scheme, will be extradited to his home country rather than to the US, South Africa's justice ministry said Tuesday.

___STEADY_PAYWALL___

Loading content, please wait...

Related Stories

No stories found.
BizNews
www.biznews.com