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Spotlight | Mozambique
Russian bank VTB awarded $352m from Manuel Chang and three former Credit Suisse employees

Reading time 3 min
Mozambique's former finance minister Manuel Chang in Maputo, in May 2014.
Mozambique's former finance minister Manuel Chang in Maputo, in May 2014. © Stephen Jaffe/EPA/IMF via MaxPPP

A US court has ordered restitution be made to the London arm of a sanctioned Russian bank defrauded in Mozambique's hidden debt scandal, piling financial penalties onto key figures behind the $2bn fraud.

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