Angola Makes Headway With U.S.$11 Billion Loot Recovery

President João Lourenço, who came into office in September 2017, resolved to root out corruption and looting of state coffers. His endeavours bore more fruit with the recovery of over U.S.$11 billion looted funds that were stashed in Britain, Switzerland, Singapore and Bermuda.

The president launched an anti-corruption drive to recoup assets he suspected were embezzled under his predecessor, former president Jose Eduardo dos Santos's administration.

In 2020, José Filomeno dos Santos, the son of the former president, became the first member of the former first family to be prosecuted as part of an anti-corruption campaign led by the president.

Isabella dos Santos, named as Africa's richest woman, and who is the daughter of the former president, was also named by International Consortium of Investigative Journalists' in their report "Luanda Leaks," for allegedly growing her business empire by corrupt means.

 

InFocus

Angolan capital, Luanda

AllAfrica publishes around 600 reports a day from more than 100 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.

X