Mozambique, US Bond and Tuna Affair

The money was allegedly used to buy a large tuna ... bond, issued by the state. Soon afterwards, it admitted the full scale of the borrowing, triggering an economic crisis in Mozambique.
Back in 2016, the economy of Mozambique tipped into crisis. The culprit was a government corruption scandal linked to more than $1 billion that... The Tuna Bonds Scandal and the fishy business ...
Chang convicted of conspiracy to commit wire fraud and money laundering Prosecutors sought longer sentence, citing $2 billion loan fraud impact Chang's lawyers sought no prison time due to prior ...