Angola: President Suspected of Money Laundering

analysis

The European Justice Commissioner, Vera Jourova, has called on the Portuguese authorities to investigate how Isabel dos Santos, the Angolan President's daughter, acquired 65% of the Portuguese Energy giant, Efacec Power Solutions, in June last year for US $220 million.

The commission wants proof that the transaction was in compliance with the rules to prevent money-laundering in the EU. Last October, the European Parliament's Intergroup on Integrity, Transparency, Corruption, and Organised Crime called for an investigation into the legality of the purchase.

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