Mozambique’s former finance minister extradited to U.S. over corruption allegations

Manuel Chang, a former Mozambique finance minister, is reportedly being extradited to the United States on corruption allegations.
The Voice of America reports that Mr Chang’s case has since caused a financial crisis in Mozambique and a demand for arrest.
According to the report published on Thursday, Mr Chang was put on a U.S. jet on Tuesday and taken from South Africa to New York, where he will face fraud and money laundering accusations.
He would be arraigned in the U.S. over charges of a $2 billion money laundering that plunged Mozambique into a financial crisis.
The former minister was arrested in South Africa 2018 on a U.S. government warrant.
A spokesperson for South Africa’s justice minister, Chrispin Phir, said Mr Chang surrendered to the authorities following “a protracted legal process in the South African courts.
“His surrender followed a protracted legal process in the South African courts, which ranged from the magistrates’ courts right up to the Constitutional Court of South Africa where ultimately the leave of appeal by the Republic of Mozambique’s government was denied. Mr Chang will now stand trial in the United States of America on a number of charges,” he said.
Mr Chang is also accused of accepting millions of dollars in bribes to win unconstitutional loans for state-owned enterprises from overseas banks.
According to the U.S. government, American investors were among the scheme’s victims.
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