26th November 2018
Portugal promised on Friday to help the government of Angola repatriate funds obtained through corruption and deposited in the Iberian country, as Luanda steps up its drive to clamp down on alleged fraud by the previous administration. Many rich Angolans live or own property in Portugal, its former colonial master,… Read More
25th July 2018
Angola’s $5 billion sovereign wealth fund locked horns with Quantum Global, manager of $3 billion of the fund’s assets, in London’s High Court on Tuesday, as the investment firm sought to overturn an asset freeze the fund obtained. The Angolan sovereign fund, known by its Portuguese acronym FSDEA, has taken… Read More
24th May 2018
Swiss authorities have raided several locations in Switzerland as they ramp up a criminal investigation into suspected money laundering connected to crimes involving Angola’s sovereign wealth fund and its central bank, prosecutors said on Friday. Switzerland’s Attorney General opened criminal proceedings in April in response to the reports connected with… Read More
17th April 2018
The Angolan government has received half a billion dollars that was ‘improperly’ transferred from its central bank’s Standard Chartered Bank account to an HSBC account in the United Kingdom. The move comes after the UK National Crime Agency (NCA) recently confirmed that the necessary authority had been obtained for the… Read More
16th April 2018
Mauritius has frozen bank accounts and suspended business licenses linked to Quantum Global Investment Management, a firm through which Angola’s sovereign wealth fund invests much of its cash, according to a court document and a regulatory source. Quantum Global, which said it was cooperating with authorities, is run by Jean-Claude… Read More
13th April 2018
The half a billion US dollars that landed in a HSBC account in the United Kingdom came from the Angolan central bank’s account with Standard Chartered Bank, it has emerged. HSBC froze the funds and filed a suspicious activity report with the UK’s National Crime Agency (NCA), which went… Read More
28th March 2018
British authorities have used the new Criminal Finances Act to freeze half a billion US dollars that was illegally transferred from an Angolan bank to HSBC in the United Kingdom. It is understood that when the $500m landed in the HSBC account, the British bank filed a suspicious activity report… Read More
25th July 2017
Three lawyers and four people who used to work for the Portuguese flag-carrier TAP, one of them a board member, have been charged with accepting bribes, money laundering and forgery, the Portuguese police said. Read More
17th February 2017
Portuguese state prosecutors are bringing corruption charges against Angola’s vice-president Manuel Vicente. The attorney-general’s office says that Mr Vicente paid $810,000 (£650,000) in bribes to shut down corruption investigations that he was facing. The alleged bribes were made to Portugal’s former public prosecutor Orlando Figueira, who also faces charges… Read More
2nd February 2017
If the Senate approves, it could change how multinationals deal with foreign governments. Read More
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Ex-wife of Russian billionaire secures first sliver of $572 mln divorce bill

The former British wife of a Russian billionaire, who was ordered to pay a 453 million pound divorce bill, has claimed the first sliver of the award after seizing and selling a helicopter, her advisers said on Thursday. Oil and gas tycoon Farkhad Akhmedov was ordered to pay around 40… Read More

EU agency: Cocaine dealers’ technology use complicates busts

AP — The European Union agency that monitors drug abuse says cocaine dealers are increasingly using social media and encrypted communications to do business, making it harder for authorities to crack down on the trade. The European Monitoring Center for Drugs and Drug Addiction agency… Read More