MAPUTO, (Reuters) – Mozambique filed provisional embezzlement, money laundering and abuse of office charges on Monday against former finance minister Manuel Chang over $2 billion in state-guaranteed debt borrowed during his term in office.
Chang has been in custody in South Africa since Dec. 2018, where he is being sought both by Mozambique and the United States to face prosecution over the loans. Three former Credit Suisse bankers who helped arrange the loans pleaded guilty in the United States earlier this year to conspiracy charges including bribery and fraud.
South Africa had cited the absence of formal charges in Mozambique as an issue blocking his extradition there.
