Former Mozambique Finance Minister Pleads Not Guilty to Corruption Charges

Manuel Chang was arraigned in New York after being extradited from South Africa.Mozambique’s former finance minister Manuel Chang, shown in a courtroom sketch, is accused of what prosecutors called a kickback scheme involving $2 billion in fraudulent loans.

A former Mozambique finance minister pleaded not guilty to corruption charges in a New York federal court Thursday for what prosecutors called a kickback scheme involving $2 billion in fraudulent loans that nearly led to the collapse of the African country’s economy.