• News
  • Sport
  • TV
  • Radio
  • Education
  • TV Licences
  • Contact Us
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION
No Result
View All Result
1
Home Africa

Mozambican ex-finance minister held in SA on U.S. charges – police

1 January 2019, 12:45 PM  |
Reuters Reuters |  @SABCNews
Manuel Chang

Manuel Chang was arrested on Saturday in Johannesburg.

Manuel Chang

Image: Reuters

Manuel Chang was arrested on Saturday in Johannesburg.

Mozambique’s former finance minister, Manuel Chang, has been arrested in South Africa at the request of the United States, a police spokesman said on Monday.

Chang, who was in charge of Mozambique’s finances when it guaranteed $2 billion in secret borrowing by state-owned firms in 2013 and 2014, was arrested on Saturday in Johannesburg.

“He is wanted by the U.S.,” police spokesman Vish Naidoo said.

Mozambique’s state news agency said Chang, 63, was wanted on charges of conspiracy to commit wire fraud, conspiracy to commit securities fraud and money laundering.

It said the charges had nothing to do with the undisclosed borrowing, which prompted foreign donors including the International Monetary Fund to cut off support, triggering a currency collapse and debt default.

Two years on from the disclosure of the loans, Mozambique is still battling to reduce a suffocating debt burden and restructure some of the debt.

 

 

 

 

Share article
Tags: South AfricaPoliceMozambiqueArrestManuel ChangU.S. charges
Previous Post

Emmy-nominated singer Ricky Martin welcomes baby girl

Next Post

Hosts unknown, but Cup of Nations to take centre stage in Africa

Related Posts

Kenya economic growth to edge up this year, World Bank says

7 June 2023, 6:09 AM
A firefighter walks near cars damaged during a massive Russian drone strike, amid Russia’s attack on Ukraine, in Kyiv, Ukraine May 30, 2023.

African Peace Initiative for Ukraine/Russia war ready to depart: Ramaphosa

6 June 2023, 8:12 PM
Sudan's General Abdel Fattah al-Burhan stands among troops,in an unknown location, in this picture released on May 30, 2023.

Clashes between Sudan’s warring factions intensify, no end in sight

6 June 2023, 1:34 PM
A man walks while smoke rises above buildings after aerial bombardment, during clashes between the paramilitary Rapid Support Forces and the army in Khartoum North, Sudan, May 1, 2023.

Shelling, looting in Sudan’s capital as military factions battle for 8th week

6 June 2023, 8:03 AM
The UN Habitat Assembly.

President Ruto officially opens second UN Habitat Assembly in Kenya

5 June 2023, 2:27 PM
[File Image] Minister Mmamoloko Kubayi.

Kubayi to represent SA at UN Habitat Assembly on sustainable urbanisation in Kenya

5 June 2023, 10:09 AM
Next Post
President of CAF Ahmad Ahmad

Hosts unknown, but Cup of Nations to take centre stage in Africa

Most Viewed

  • 24hrs
  • Week
  • Month
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Unisa suspends registrar for various breaches of policy
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Slain teen Palesa Malatji’s family calls for death sentence to be reinstated
  • Limpopo district embroiled in fraudulent travel claims
  • Dr Nandipha’s looks during court appearances under the spotlight
  • Deadline for Zimbabwean Exemption Permits draws near
  • Reserve Bank expected to increase repo rate on Thursday
  • Zimbabwe receives 18 helicopters from Russian Federation
  • Eastern Cape ActionSA raises eyebrows over qualifications of senior officials
  • Orlando Pirates player Thembinkosi Lorch found guilty of assault
  • Female student stabbed to death at NMU residence
  • Buses in Tshwane grind to a halt due to strike by SAMWU workers
  • Zwane expected to remain Chiefs coach despite dismal season
  • Bus operations suspended due to Samwu strike in Tshwane

LATEST

Missing four-year-old Nakane Lizane from Wells Estate last seen on 11/05
  • South Africa

Gqeberha SAPS offers R50 000 reward for info on missing four-year-old


A sign indicating an Uber Pickup zone
  • South Africa

E-hailing association concerned no one taking responsibility for violence against operators


Scenes from the Basha Uhuru Festival.
  • Youth Month 2023
  • South Africa

Constitution Hill hosts Basha Uhuru Festival during Youth Month


Dr Nandipha Magudumana  in court.
  • Thabo Bester saga
  • South Africa

Dr Nandipha Magudumana – from celebrity doctor to fugitive


eThekwini
  • Politics

Failure to remove incarcerated ANC eThekwini councillor is embarrassing: Analyst


SA Parliament.
  • Youth Month 2023
  • Politics

PODCAST | Political leaders much older than average age of the country


Weather

  • About the SABC
  • Contact Us
  • Jobs
  • Advertise
  • Disclaimer
  • Site Map

SABC © 2023

No Result
View All Result
  • SOUTH AFRICA
  • POLITICS
  • BUSINESS
  • SPORT
  • AFRICA
  • WORLD
  • FEATURES
  • OPINION

© 2023

Previous Ricky Martin Emmy-nominated singer Ricky Martin welcomes baby girl
Next President of CAF Ahmad Ahmad Hosts unknown, but Cup of Nations to take centre stage in Africa