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.
Angola Recovers Looted Assets Worth Over U.S.$11 Billion
allAfrica, 16 February 2022
Angola has recovered assets worth more than U.S.$11 billion that had been looted from state coffers and stashed in countries around the world, Justice Minister Francisco Queiroz… Read more »
Angola Reaffirms Fight Against Corruption
ANGOP, 18 December 2021
The Republic of Angola reaffirmed this Saturday in Istanbul, Turkey, the bet on moralization of society and fight against corruption, aiming at the country's development. Read more »
Web of Corruption Around Isabel dos Santos Still Being Untangled
International Consortium of Investigative Journalists, 24 January 2022
The Pandora Papers shed new light on the offshore dealings of powerful figures close to Angola's former president who were recently sanctioned by the U.S. Read more »
U.S. Sanctions Angolan Billionaire Isabel dos Santos for Corruption
International Consortium of Investigative Journalists, 9 December 2021
ICIJ’s 2020 Luanda Leaks investigation revealed how decades of inside deals turned dos Santos, the daughter of Angola’s longtime former ruler, into Africa’s… Read more »
President Reaffirms Foundations of Democratic State and Rule of Law
ANGOP, 9 December 2021
The President of the Republic, João Lourenço, on Wednesday reaffirmed the commitment of the Angolan government to consolidate the foundations of the Democratic State… Read more »
In 2020 the International Consortium of Investigative Journalists (ICIJ) revealed that Isabel dos Santos, reportedly Africa's richest woman, built her estimated Read more »
German authorities have imposed a U.S.$178,000 fine on state-owned KfW-Ipex-Bank for facilitating loans to an Angolan brewery linked to Isabel dos Santos, the eldest daughter of ... Read more »
Business empires grown by Angolans during the rule of former President José Eduardo dos Santos are facing crackdowns in Europe, reports the International Consortium of ... Read more »
Angolan capital, Luanda