NEW YORK — (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country's " tuna bond " scandal and swept into a U.S. court.
A federal jury in New York delivered the verdict.
Chang was accused of accepting payoffs to put his African nation secretly on the hook for big loans to government-controlled companies for tuna fishing ships and other maritime projects. The loans were plundered by bribes and kickbacks, according to prosecutors, and Mozambique ended up with $2 billion in “hidden debt,” spurring a financial crisis.