The former Finance Minister of Mozambique, Manuel Chang, has been convicted by a federal jury in Brooklyn for his involvement in a $2 billion fraud, bribery, and money laundering scheme that defrauded investors in the United States and other countries, the U.S. Department of Justice announced in a press release on Aug. 8.
According to evidence presented at trial, Chang, 68, received $7 million in bribes in exchange for signing guarantees on behalf of the Republic of Mozambique to secure funding for three maritime projects, the release claimed.
