U.S. District Judge - The African Mirror

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Jul

2023

By LUC COHEN

Ex-Mozambique finance minister pleads not guilty in New York over debt scandal

BUSINESS

A former Mozambique finance minister pleaded not guilty to U.S. criminal charges over his alleged involvement in a fraud involving $2 billion in loans to three state-owned companies. Manuel Chang entered his plea before U.S. District Judge Nicholas Garaufis in Brooklyn. Chang had been extradited on Wednesday from South Africa, where he was arrested in December 2018 on U.S. charges of conspiring to commit wire fraud, securities fraud and money laundering. Garaufis denied Chang's request for bail, agreeing with prosecutors that he was a flight risk and could escape the charges by entering Mozambique's U.N. mission in Manhattan. "The evidence regarding his…

Apr

2023

By The African Mirror

Boy Scouts insurers seek to delay $2.5 bln abuse deal, bankruptcy exit

WORLD

DIETRICH KNAUTH A group of Boy Scouts' insurers asked a judge to delay the youth group's exit from bankruptcy to allow them more time to appeal a record-setting $2.46 billion settlement of sexual abuse claims. More than a dozen insurers, including Liberty Mutual Insurance Company, have said the Boy Scouts' bankruptcy settlement puts them on the hook for paying "thousands of invalid and questionable claims." U.S. District Judge Richard Andrews in Wilmington, Delaware, rejected the insurers' initial appeal on Tuesday, finding the settlement was a good faith effort to resolve claims by more than 80,000 men who say they were…