Mozambique ex-minister in S.Africa court over loan scandal

Mozambique's former finance minister Manuel Chang made a brief court appearance in Johannesburg on Tuesday after being arrested at the…

Mozambique’s former finance minister Manuel Chang made a brief court appearance in Johannesburg on Tuesday after being arrested at the city’s airport over alleged secret loans to Mozambican state companies totalling $2 billion.

Chang sat in the dock as his lawyers argued that his detention on a US extradition request was illegal.

Since his arrest on December 29, three former employees of Credit Suisse bank have also been arrested in London.

Chang, who was finance minister between 2005 and 2015, is accused by US authorities of conspiracy to commit wire fraud, securities fraud and money laundering.