Mozambique's Finance Minister Manuel Chang speaks at a press conference of African ministers at the IMF/World Bank Annual Spring Meetings in Washington on April 21, 2012. AFP PHOTO/Nicholas KAMM (Photo by NICHOLAS KAMM / AFP)

South Africa arrested Mozambique’s former finance minister on Saturday at the request of the United States.

Police said on Monday that Manuel Chang was arrested in Johannesburg.

“He is wanted by the U.S.,” police spokesman Vish Naidoo told Reuters.

The news agency quoted Mozambique’s state news agency as saying that Chang, 63, was wanted “on charges of conspiracy to commit wire fraud, conspiracy to commit securities fraud and money laundering”.

Chang was in charge of Mozambique’s finances when it guaranteed $2 billion in secret borrowing by state-owned firms in 2013 and 2014.

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