Friday, October 30, 2020

South Africa sends graft accused Manuel Chang back to Mozambique

-

South Africa said Tuesday it would send home former Mozambique finance minister Manuel Chang, who has been held since December on a US arrest warrant, to face corruption charges.

“I have decided that the accused, Mr Manuel Chang, will be extradited to stand trial for his alleged offences in Mozambique,” Justice Minister Michael Masutha said in a statement.

“I am satisfied that the interest of justice will be best served by acceding to the request by the Republic of Mozambique,” Masutha said.

Chang, 63, was arrested at Johannesburg airport in December at the request of US authorities over alleged involvement in fraudulent loans to Mozambique state firms worth $2 billion (€1.76 euros).

- Advertisement -

Mozambique has accused Chang of receiving $17 million in kickbacks in a scam which creamed off hundreds of millions.

In the US, Chang faces charges of conspiracy to commit electronic fraud, financial security violations and money laundering, and could be jailed for up to 45 years if found guilty.

Masutha said he had noted that the US submitted its extradition request weeks before Mozambique’s one.

After weighing the relevant facts and taking into account the criteria contained in both the extradition treaties between the US and South Africa, and the southern African SADC regional bloc agreement on extradition, he said he had decided to send Chang back home.

- Advertisement -

US Assistant Secretary of State Tibor Nagy in March said he expected Pretoria to honour an extradition accord it signed in 1999.

Foreign Minister Lindiwe Sisulu had indicated in February however that Chang would be handed to Maputo because it would be “the easiest thing for everybody”.

In reaching his decision, Masutha said he had taken into consideration that the alleged offence was committed whilst Chang was a cabinet minister in Mozambique and also his preference to face trial in his native country.

The minister said he also took into account the “seriousness of the alleged offence” and the “onerous debt for Mozambique as a result of the alleged fraud”.

In Mozambique, Chang stands accused of abuse of position and function, violation of budget law, fraud, embezzlement, receiving bribes, money laundering and criminal association.

The charges against Chang relate to loans taken out by the government in Maputo when he was head of treasury between 2005 and 2015.

An independent audit found that a quarter of the loan amount was illicitly diverted.

The US alleges at least $200 million of the loans was spent on bribes and kick-backs.

Mozambique has arrested several other suspects linked to the scandal, including the son of ex-president Armando Guebuza, and senior intelligence officials.

In January, three former Credit Suisse workers were arrested in London and charged with helping to create $2 billion in maritime projects as a front.

MUST READ

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former South Korean President Lee Myung-bak sent back to prison for 17 years in corruption case

Former South Korean president Lee Myung-bak was ordered back to prison on Thursday (Oct 29) as the country's Supreme Court upheld a 17-year jail...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...

South Korea’s former Vice Justice Minister sentenced to jail for bribery and sexual favors

Former Vice Justice Minister Kim Hak-eui, the figure at the center of one of Korea’s biggest political sex scandals, was placed under pretrial detention...

Beam Suntory Inc. fined $19.6 million in foreign bribery case

Beam Suntory Inc. (Beam), a Chicago-based company that produces and sells distilled beverages, has agreed to pay a criminal monetary penalty of $19,572,885 to...

Subscribe For More

Get our daily notification on the latest financial crimes news around the World

Advertisement
Advertisement

Latest News

This Week

Former President of nuclear transportation company gets prison in scheme to bribe Russian official

A Maryland businessman convicted of plotting to pay a Russian official more than $1.5 million in bribes to get lucrative contracts for transporting uranium...

Ukraine’s court strips critical power from anti-corruption agency

Ukraine's Constitutional Court has stripped the country’s anti-corruption agency of some of its critical powers. The high court’s ruling published on October 28 declared it...

Former DEA spokesman sentenced to 7 years for posing as CIA agent to scam $4 million

A former spokesman for the Drug Enforcement Administration (DEA) was sentenced to 7 years in prison Wednesday for posing as a CIA agent on...

Nigerian court declines to issue international arrest warrant for fugitive ex-Petroleum Minister in corruption case

The Abuja Division of the Federal High Court, on Wednesday, refused an application by the Economic and Financial Crimes Commission, EFCC, for an arrest...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks