Category: Angola

Gotham City revelations spark outcry in Angola

The revelation of the sequestration of 900 million dollars belonging to businessman Carlos Manuel de São Vicente by the Office of the Attorney General of Geneva embarrasses the government of President João Lourenço. The Angolan authorities have still not answered questions from the Public Prosecutor’s Office of Geneva about the case. Under pressure from the …

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Angolan funds: the Office of the Attorney General of Geneva blocks $900 million

The Office of the Attorney General of Geneva has indicted an influential businessman close to Angolan political circles, Carlos Manuel de São Vicente, for money laundering. Nearly $900 million are frozen since December 2018 in a bank account belonging to this economist by training, the head of an insurance empire in Angola, the AAA group. …

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Jean-Claude Bastos settlement sees Quantum return two billion to Angola

Quantum Global companies are required to return two billion dollars to the sovereign fund of Angola, the FSDEA, in return for the Angolan authorities dropping charges against its CEO, Swiss-Angolan businessman Jean-Claude Bastos. The figure is mentioned in a dismissal order issued by the Office of the Attorney General of Switzerland on June 27 and …

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Secret Odebrecht funds landed in the Swiss account of Angolan PEP

A former Angolan official, under investigation for money laundering by the Office of the Attorney General of Switzerland, has lost an appeal to the Federal Supreme Court in a decision dated February 22, 2019. At the end of September 2018, the new Angolan president, João Lourenço, appointed Carlos Panzo to the position of Secretary of State of Economic …

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Jean-Claude Bastos ‘concealed 54 million’ from Swiss tax authorities

The Federal Tax Administration (FTA) suspects Swiss-Angolan financier Jean-Claude Bastos of concealing illicit profits totalling 54.2 million francs. Currently in detention in Angola, Bastos managed the country’s sovereign wealth fund through his company Quantum Global. To prevent further misappropriation of funds, the tax authorities have sequestrated a number of assets belonging to the dual citizen, including bank accounts, property and …

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