Report Exposes Half-a-Billion-Dollar Scam in Angola

For years investigative journalist and activist Rafael Marques de Morais has toiled to expose corruption and human rights violations in Angola. His hard-hitting blog Maka Angola is widely considered to be the authority on corruption, including nepotism and money laundering. In a recent report, he brings to light the U.S. $518-million operation allegedly orchestrated in 2013 by a Portuguese lawyer living in Angola and then CEO of Banco Espírito Santo Angola. The report exposes the alleged "extraordinary role of Portuguese facilitators - especially bank executives, lawyers and intermediaries - in setting up related operations" at the expense of Angolans.

Banco Espirito Santo Angola (file photo).

See What Everyone is Watching

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.