Afrigather Almost 5 years after he was arrested at a South African airport, Mozambique’s former finance minister has misplaced a last-ditch court docket attraction and faces extradition to the US over a $2 billion corruption scandal associated to loans to Mozambican state-owned corporations.
U.S. prosecutors allege that Manuel Chang, Mozambique’s finance minister from 2005 to 2015, was concerned in a scheme that finally defrauded American and worldwide buyers. The massive sums of cash leant by worldwide banks to Mozambique — and assured by the Mozambique authorities — have been meant for a collection of maritime tasks however disappeared in bribes, kickbacks and different unlawful funds, it is alleged.
Chang is accused of receiving about $17 million in bribes within the “hidden money owed” scandal. He was indicted within the Jap District Courtroom of New York in 2018.
The greater than $2 billion was meant to be for the acquisition of naval vessels, the constructing and upkeep of shipyards and varied different tasks to assist the nation’s fishing trade, however have been by no means used for these functions, in accordance with the allegations. The scandal brought about a monetary disaster in Mozambique. When the loans have been disclosed in 2016, the Worldwide Financial Fund withdrew its assist for the southern African nation.
Chang has been held in jail in South Africa since December 2018, when South African police arrested him on the OR Tambo Worldwide Airport in Johannesburg on the request of U.S. authorities earlier than he took a flight to Dubai.
He introduced quite a few court docket instances and appeals in an try to keep away from extradition to the U.S.
Chang ran out of authorized choices in South Africa when the nation’s apex Constitutional Courtroom denied functions from him and the Mozambican authorities to attraction in opposition to a decrease court docket’s ruling that he should be extradited to the U.S.
Chang and the Mozambican authorities have been arguing that he must be extradited to Mozambique.
The Constitutional Courtroom made the ruling on Wednesday and supplied a duplicate of the judgment on Thursday. In its judgment, the court docket mentioned permission to attraction in opposition to a ruling ordering Chang’s extradition to the U.S. “should be refused” as a result of there was a “lack of cheap prospects of success.”
A Mozambican civil society group, the Discussion board de Monitoria do Orcamento (FMO), supported Chang’s extradition to the U.S., arguing in court docket that he was unlikely to face actual justice in his residence nation.
In December, a number of others accused within the scandal have been convicted and sentenced in Mozambique. They included Ndambi Guebuza, the son of former Mozambican President Armando Guebuza, who was sentenced to 12 years in jail for illegally receiving an estimated $33 million from the corrupt dealings.
Ten different folks have been discovered responsible on related costs and have been all sentenced to greater than 10 years in jail.
South Africa’s Division of Justice and Chang’s legal professionals didn’t instantly reply to questions on when Chang may be extradited to the U.S.
In 2021, Swiss financial institution Credit score Suisse agreed to pay not less than $475 million to British and American authorities to settle allegations of bribery and kickbacks associated to the financial institution’s involvement within the loans.
