October 20, 2021
Scam/Fraud

Mozambique: Hidden Debts – Chang Will Be Extradited to Mozambique

Maputo — The South African Minister of Justice, Ronald Lamola, on Monday authorized the extradition of Mozambique’s former Finance Minister, Manuel Chang, to Maputo, rather than to the United States.

Chang was arrested at OR Tambo International Airport in Johannesburg on 27 December 2018, on the basis of an international arrest warrant, issued at the request of the US justice authorities. Chang was on his way from Maputo to Dubai

According to a Monday release from the South African Justice Ministry, the US submitted a formal extradition request on 29 January 2019. On 1 February, the Mozambican authority also submitted an extradition request.

Chang is wanted in both countries for crimes connected to the scandal of Mozambique’s hidden debts. This term refers to the loans of over 2.2 billion US dollars granted in 2013 and 2014 by the banks Credit Suisse and VTB of Russia to three fraudulent companies, Proindicus, Ematum…

Read full article here: allafrica.com