Tuna bonds - Wikipedia
The tuna bonds scandal (also known as tuna bond affair or the hidden debt scandal) refers to a debt scandal where the company Privinvest and its owner Iskandar Safa are alleged to have paid over $100 million in bribes to officials in Mozambique and to Credit Suisse for contracts and loans to develop Mozambique's fishing industry and improve ...
Mozambique’s ex-finance minister gets another 2.5 years behind …
1 day ago · NEW YORK (AP) — Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial crisis in the struggling African nation. Manuel Chang, 69, was convicted last year of accepting payoffs to put his homeland secretly on the hook for about $2 …
Mozambique ex-finance minister sentenced in US to 8-1/2 years in …
1 day ago · Manuel Chang, 69, was convicted in August by a Brooklyn jury of conspiracy to commit wire fraud and conspiracy to commit money laundering in the "tuna bonds" case, following a four-week trial.
Mozambique’s Ex-Finance Minister Faces Sentencing in New York …
1 day ago · NEW YORK (AP) — Mozambique’s former finance minister is set to be sentenced Friday in a New York court on wire fraud and money laundering charges stemming from the infamous “ tuna bond ...
Mozambique’s ex-finance minister gets another 2.5 years ... - Yahoo
1 day ago · Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial ...
Mozambique’s ex-finance minister faces sentencing in New York in …
1 day ago · NEW YORK — (AP) — Mozambique's former finance minister is set to be sentenced Friday in a New York court on wire fraud and money laundering charges stemming from the infamous " tuna bond" scandal that triggered a financial crisis in the impoverished African nation. Manuel Chang, 69, was convicted last year of accepting payoffs to put his homeland secretly …
Mozambique ex-finance minister convicted in US over 'tuna bonds ...
Aug 8, 2024 · Donald Trump's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star was delayed on Tuesday until Sept. 18, less than seven weeks before the U.S. election....
The Tuna Bonds Scandal and the fishy business of hidden debt
Dec 10, 2024 · Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that officials borrowed in secret. This was a high-profile...
US jury convicts Mozambique’s ex-finance minister in corruption …
Aug 8, 2024 · A U.S. jury has convicted former Mozambican Finance Minister Manuel Chang in a financial conspiracy case that welled up from from his country’s “tuna bond” scandal.
Credit Suisse, Mozambique secure out-of-court 'tuna bond' …
Oct 1, 2023 · Credit Suisse has reached an 11th-hour out-of-court settlement with Mozambique over the decade-old $1.5 billion-plus "tuna bond" scandal, the Swiss bank's new owner UBS said on Sunday, drawing a...