Mozambique’s former Finance Minister remains in custody

Mozambique's former finance minister Manuel Chang in Court. Photo: AFP/Wikus DE WET

JOHANNESBURG, SOUTH AFRICA (ADV) –  Former Mozambican Finance Minister Manuel Chang remains in custody.

Chang is charged with fraud and money laundering according to his legal team confirmed.

Chang, who denies any wrongdoing, has been in custody in South Africa since 29 December last year. He was arrested on United States charges related to his alleged role in a scandal involving $2-billion in fraudulent loans.

The US is also seeking the extradition of three former Credit Suisse bankers and has arrested the lead salesman of United Arab based holding company Privinvest who is also implicated in the alleged fraud case.

Meanwhile, former minister will be transferred to solitary confinement after his legal team complained about the “bad state” conditions in prison.

The legal team also told the court that their client was sharing a cell with 20 other inmates at the Modderbee prison.

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