Mozambique ex-finance minister denied bail in New York over $2 billion 'tuna bond' scandal
Publishing timestamp: 2023-07-14 07:55:12
Summary
Former Mozambique finance minister, Manuel Chang, has been denied bail by a U.S. federal judge while awaiting trial for fraud in the "tuna bond" scandal. The judge deemed Chang a flight risk and expressed concerns that he could seek refuge at the Mozambique Mission to the UN in Manhattan. Chang's lawyers proposed measures to prevent him from leaving Brooklyn, including wearing a GPS ankle bracelet, surrendering his passport, and posting a $1 million bond. However, the judge remained unconvinced and denied the bail application. Chang is one of eight people charged in an alleged conspiracy to embezzle millions of dollars from loans arranged for maritime projects.
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