Mozambique ex-minister Chang’s scandal: What you need to know

PUBLISHED: Fri, 11 Jan 2019 14:59:39 GMT
Share

Ex-Mozambique Finance Minister, Manuel Chang found himself in court again this week to argue against previous ruling that his legal team think will get in the way of winning him a successful bail hearing. Chang was arrested in December last year for his alleged involvement in the issuance of $2billion worth of fraudulent loans. CNBC Africa spoke to Aly Khan Satchu, CEO of Rich Management for the background story of the bond scandal that led the country to default.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.