United States v. Jean Boustani, Manuel Chang and others

Decisions and steps

1. 2 December 2019Jury acquits Jean Boustani on all three conspiracy counts^S8
2. 8 August 2024Jury convicts Manuel Chang on both conspiracy counts^S1
3. 17 January 2025Chang sentenced to 102 months with US$7 million forfeiture^S2

Claims this case bears on

• Supported92
  The US Department of Justice said a federal jury convicted former Mozambique finance minister Manuel Chang in August 2024 and named Privinvest Group executives as co-conspirators who paid bribes.
  Regulator statement, 8 August 20243 records citedBribery
• Supported80
  A Brooklyn federal jury acquitted Privinvest's lead salesman Jean Boustani on all counts in December 2019.
  Press report, 3 December 20192 records citedFraud

Sources

1. S8Tier C Salesman cleared in $2-billion Mozambican scam in blow to U.S.Daily Maverick (Bloomberg wire). Press report. 3 December 2019.Reports the Brooklyn jury acquittal of Boustani on all three counts. Press report of a sealed verdict.
2. S1Tier A Former Finance Minister of Mozambique Convicted of Fraud and Money Laundering in $2 Billion SchemeUS Attorney's Office, Eastern District of New York. Regulator press release. 8 August 2024.Supports Chang's conviction, the Privinvest role and the bribe figures. It does not convict the company or Boustani.
3. S2Tier A Former Finance Minister of Mozambique Sentenced to 102 Months' Imprisonment for His Role in $2 Billion SchemeUS Attorney's Office, Eastern District of New York. Regulator press release. 17 January 2025.Supports the 102 month sentence and the US$7 million forfeiture. Restitution was left for a later date.
4. S10Tier C Mozambique's former finance minister released from US prisonPlataforma (citing Lusa). Press report. 30 March 2026.Reports Chang left US custody by late March 2026 ahead of return to Mozambique. Press report on custody status, not the conviction.