Mozambique’s former Finance Minister Manuel Chang is scheduled to appear in a federal court in New York on Thursday to face US charges over his role in a $2 billion bond fraud scandal that embroiled Credit Suisse Group AG, court records show. South Africa said in a statement Wednesday that it had surrendered Chang to the custody of US authorities earlier in the day. Chang had been in South African custody since Dec. 29, 2018, when he was was detained on an arrest warrant issued by federal prosecutors in Brooklyn,...

JOHANNESBURG — A former Mozambique finance minister who has been held in prison in South Africa for nearly five years was extradited Wednesday to the United States to face a fraud and corruption trial over a $2 billion scandal involving fraudulent government loans. South African authorities said that Manuel Chang, who was Mozambique's finance minister from 2005 to 2015, was handed over to U.S. authorities after his last-ditch court effort to avoid extradition failed in May. It brings to an end a nearly five-year legal battle by Chang to avoid...

Manuel Chang, the former finance minister of Mozambique, is at the center of a scandal that roped in American investors. The former finance minister of Mozambique, accused of helping orchestrate a financial corruption scandal that nearly caused the collapse of his nation’s economy and defrauded American investors, was extradited to the United States from South Africa on Wednesday to face charges in Federal District Court. Manuel Chang, the former minister, is suspected of signing off on about $2 billion worth of loans concealed from public view and partaking in a...