Tag: Manuel Chang
The Mozambican former finance minister loan saga is unfolding in domestic and international courts. Now there has been growing concerns of the involvement of a senior Angolan political leader in the scandal. This could be trouble for Angola as this risks the relationship with the IMF and the prospect for economic recovery this year. Robert Besseling, Executive Director of EXX Africa joins CNBC Africa for more.
Mozambique's Ex-Finance Minister, Manuel Chang is appearing in court today in Kempton Park. Chang has been in police custody in South Africa for almost three weeks following his arrest for alleged fraud. The charges relate to one of the biggest scandals in Maputo. CNBC Africa's Fifi Peters filed this report.
Mozambique's Ex-Finance Minister, Manuel Chang, returns to court tomorrow to fight for his freedom. Chang has been in police custody in South Africa for almost three weeks following his arrest for alleged fraud. The charges related to one of the biggest scandals in Maputo that led the country into default and the economy into tailspin. CNBC Africa's Fifi Peters filed this report.
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.
The bail hearing of ex Mozambique Finance Minister has been postponed to January the18th. Manuel Chang was arrested in December last year for alleged involvoment in a $2billion loan scandal that caused the country to default and foreigners to cut aid. Zacarias Cossa, Counselor for Police at the Mozambique High Commission had this to say after the ruling.