José Fernando Faria de Bastos

Angolan Corruption Case Snares Irene Neto

25 de September de 2020 Rafael Marques de Morais

Really? Carlos Manuel de São Vicente is currently a jailbird. On September 23 he was remanded in custody in Viana prison (Luanda) awaiting trial, where conditions might soon make him forget his ill-gotten billions. One by one, the bit-part players in the Dos Santos kleptocracy are being taken down, evidence of their crimes adding up against the long-ruling kleptocrat-in-chief who oversaw the outrageous theft of tens of billions of dollars of Angolan patrimony. It’s no easy matter to bring a former president to justice – especially one who secured a permanent amnesty for his actions – but the wheels of justice are turning inexorably towards his family, friends and former colleagues. Angola’s first President, Dr Agostinho Neto, must be spinning in his grave. None other than his own daughter and son-in-law’s names have been added to the long, LONG, list of “illustrious” Angolan politicians and officials accused of corruption, embezzlement […]

Corruption

The Half-a-Billion-Dollar Scam of Espírito Santo Bank in Angola

5 de March de 2018 Rafael Marques de Morais

In the plunder that has been carried out in Angola, little has been said about the extraordinary role of Portuguese facilitators – especially bank executives, lawyers and intermediaries – in setting up related operations. Little is also said about the extremely harmful role they play in Angola, while pretending to be above reproach. Maka Angola brings to light the US $518.5 million operation orchestrated in 2013 by José Fernando Faria de Bastos, a Portuguese lawyer living in Angola, and Rui Guerra, a Portuguese citizen and then-CEO of Banco Espírito Santo Angola (BESA). Let us start on June 28, 2013. On that day, BESA carried out five credit operations to five shell companies totalling US $379 million. This operation financed the purchase of assets of Espírito Santo Commerce (Escom), 66 percent owned by the Espírito Santo Group (GES) of Portugal, and 30 percent by the Portuguese-Angolan citizen Hélder Bataglia. An addendum […]

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