Mozambique Ex-Finance Minister Handed Additional 2.5-Year Jail Term in Tuna Bonds Scandal

The Associated Press on MSN.com

Mozambique's former finance minister has been sentenced to an additional 2.5 years in prison in a New York court, on charges of wire fraud and money laundering related to the notorious 'tuna bonds' scandal. This scandal has had a devastating impact on the African nation, triggering a severe financial crisis. The sentence is a significant development in the ongoing case, which has shed light on corruption and financial mismanagement in Mozambique. With the country still reeling from the economic fallout, this ruling serves as a reminder of the need for transparency and accountability in financial dealings, including debt management and investment strategies.