By OCCRP A group of Angolan government officials and senior bank executives funnelled hundreds of millions of dollars out of the country with little oversight, creating their own private banking network through which they sent the money to Portugal and elsewhere in the European Union, an OCCRP investigation has found. The network sent at least…
By The Institute of World Politics You are cordially invited to a presentation on the topic: Corruption and the Democratic Process in Angola with Florindo Chivucute, Hashem Mekki, Will Fitzgibbon, Kyra Gurney, and Malik M. Chaka Monday, February 3rd 4:00 PM – 5:00 PM The Institute of World Politics 1521 16th Street NW Washington, D.C….
By Pedro Agosto Luanda — Angola Bureau LUANDA, (CAJ News) – THE ongoing debacle around a multinational firm caught up in a global multibillion-dollar accounting scandal and the coinciding with the collapse of a bank after some members of the ruling party were implicated is a major blow to Angola President Joao Lourenco’s pledge to…
By Jaclyn Jaeger | Compliance Week The U.K. Serious Fraud Office on June 3 fined U.K.-based logistics and freight operations company FH Bertling £850,000 (U.S. 1.08 million) for a bribery scheme created to secure contracts in Angola. The four-year investigation and prosecution by the SFO targeted FH Bertling’s involvement in an oil project in Angola,…
Content provided by africanews EXX Africa (www.EXXAfrica.com) published a special report on the risk of spill-over of the Mozambique debts scandal into Angola. On 25 January, Mozambique’s Parliament requested that the country’s former finance minister Manuel Chang be held in preventative custody while he awaits extradition to the United States following his recent arrest in…
By Henrique Almeida | Bloomberg Angolan President Joao Lourenco pledged Thursday to continue his fight against “the cancer of corruption” and roll back the African nation’s oil dependency by investing in other sectors of the economy to bolster growth. Battling graft has been a cornerstone of what Lourenco has called the “new Angola” since taking…
AFP•September 24, 2018 Luanda (AFP) – The son of Angola’s ex-president Jose Eduardo dos Santos was remanded in custody in a $1.5-billion corruption case, a state prosecutor said Monday. “Given the complexity and seriousness of the deeds and in order to guarantee an effective enquiry… the state prosecution service decided to apply a preventive detention…
LUANDA (Reuters) – The daughter of a former president of Angola failed to respond to her first summons from state prosecutors to answer questions about her time running Sonangol, the state oil company, Angola’s state news agency reported. Isabel dos Santos is allowed to provide reasons for not appearing three times, state news agency Angop…
By REUTERS ZURICH, July 13 (Reuters) – Swiss authorities have released around $60 million of funds seized in an investigation into the suspected laundering of money diverted from Angola’s sovereign wealth fund and its central bank, federal prosecutors said on Friday. Switzerland’s Office of the Attorney General (OAG) opened criminal proceedings in April in response…
By Swissinfo.ch Senior justice ministry officials from Switzerland and Angola have discussed closer cooperation in a major international case of suspected corruption. The Swiss authorities have blocked around $150 million (CHF150 million) in assets held by the Angolan National Bank and the Angolan sovereign wealth fund amid ongoing criminal proceedings involving an Angolan-Swiss businessman, Jean-Claude…