Angola: first instance of coercive recovery of state assets
- March 25, 2019
- - 5:37 pm
The Angolan government released from detention José Filomeno dos Santos and Jean-Claude Bastos de Morais following the recovery of $3.35 billion the two former Sovereign Fund of Angola directors had administered. Dos Santos, the son of former Angolan President José Eduardo dos Santos, was released on March 24, and de Morais on March 22. The recovery of the $3.35 billion, from a sum of $5 billion that was originally seeded to the country’s sovereign wealth fund in 2012, represents the first disclosed instance of a coercive recovery by the Angolan government of Angolan state assets embezzled abroad. Fraudulently externalized assets …
Please log in to view this content. If you do not have an account you can request access.