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A South African judge ruled Monday that Mozambique’s former finance minister Manuel Chang, charged in the US with loan fraud of more than USD $2 billion, can be extradited to the US to face trial.
Chang, who was Mozambique’s finance minister between 2005 and 2015, was indicted in December for conspiracy to commit wire fraud, securities fraud and money laundering. While Chang was finance minister, Mozambique’s state-owned security companies borrowed from foreign lenders. This debt was never disclosed to the IMF until 2016.
A South African judge ruled in January that the detention of Chang was legal under the extradition treaty between the US and South Africa. The Kempton Park magistrate’s court ruled on Monday that all conditions under the extradition treaty between the US and South Africa are are met so that Chang can be tried in the US.
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Chang, who was Mozambique’s finance minister between 2005 and 2015, was indicted in December for conspiracy to commit wire fraud, securities fraud and money laundering. While Chang was finance minister, Mozambique’s state-owned security companies borrowed from foreign lenders. This debt was never disclosed to the IMF until 2016.
A South African judge ruled in January that the detention of Chang was legal under the extradition treaty between the US and South Africa. The Kempton Park magistrate’s court ruled on Monday that all conditions under the extradition treaty between the US and South Africa are are met so that Chang can be tried in the US.
The post Mozambique ex-finance minister to be extradited to US for trial in loan scandal appeared first on JURIST - News - Legal News & Commentary.
Continue reading...
Note: We don't have any responsibilities about this news. Its been posted here by Feed Reader and we had no controls and checking on it. And because News posted here will be deleted automatically after 21 days, threads are closed so that no one spend time to post and discuss here. You can always check the source and discuss in their site.