Latest update April 6th, 2025 11:06 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Angola pleads for help to claw back assets lost to corruption

Jan 22, 2020 News

LONDON (Reuters) – Angola is seeking other countries’ help to recover state funds lost because of corruption, Minister of State for Economic Coordination Manuel Jose Nunes Junior said on Tuesday.
Angolan President Joao Lourenco said on taking office in 2017 that he would crack down on graft and reform the economy.
“We are activating all the legal, judicial and diplomatic measures to ensure the repatriation of those resources,” Nunes Junior said at Chatham House think tank in London.
He declined to say which countries the government had contacted.
“We are requesting international cooperation to support this process, to help us look into the cases of corruption we already identified or the ones we have not found yet,” he said.
Sub-Saharan Africa’s third-largest economy is ranked as one of the world’s most corrupt nations, in 165th place on a list of 180 countries, according to anti-corruption group Transparency International.
Scrutiny of Angola has increased since the authorities seized the domestic assets of former first daughter Isabel dos Santos, accusing the billionaire and her husband of steering payments of more than $1 billion from state oil company Sonangol and official diamond trading group Sodiam to companies where they held stakes.
Dos Santos and her husband have denied wrongdoing. Dos Santos has told Reuters the allegations against her are “completely unfounded” and accused the authorities of a “witch hunt”.
On Monday, Portuguese authorities said they had started investigating leaked documents concerning dos Santos’s business empire, and Portuguese bank Eurobic said it had decided to end commercial relationships with entities she controls.
Asked about dos Santos, Nunes Junior said the law was being applied in her case and Angola must be seen as a place that respects the rule of law.
Angola’s minister of mineral resources and petroleum, Diamantino Azevedo, added that his country had enlisted the help of international accounting group Deloitte to list 30% of Sonangol in the next two years after slashing its non-core businesses, which he called an “octopus”.

Similar Articles

The Glenn Lall Show|| April, 4th, 2025

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

‘One Guyana’ 3×3 Quest Basketball opens with local teams in mixed results

‘One Guyana’ 3×3 Quest Basketball opens with local teams in...

Apr 06, 2025

-Action concludes today Kaieteur Sports- In a historic occurrence for Guyana’s Basketball fraternity the ‘One Guyana’ 3×3 Quest opened yesterday, Saturday, morning at the Cliff...
Read More
GCA, East Coast surge to huge wins 

GCA, East Coast surge to huge wins 

Apr 06, 2025

GFF/Concacaf kick off two-day Match Commissioners Workshop to boost football operations in Guyana

GFF/Concacaf kick off two-day Match Commissioners...

Apr 06, 2025

Chase’s Academic outclass Bartica to move closer to 2025 title

Chase’s Academic outclass Bartica to move...

Apr 06, 2025

Three Miles Secondary make clean sweep of Jagan Windball cricket titles

Three Miles Secondary make clean sweep of Jagan...

Apr 06, 2025

National Chess champions off to Trinidad and Tobago

National Chess champions off to Trinidad and...

Apr 06, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]