Leopoldino Fragoso do Nascimento

Vincent Miclet’s Angolan (Mis)Adventures

20 de March de 2019 Rafael Marques de Morais

When Le Monde profiled the African-born businessman Vincent Miclet in November 2018, it called him the “Gatsby” of Francophone Africa. The inference was clear: opulence and decadence combined in a single name. Gatsby was the fatally-flawed eponymous character of F. Scott Fitzgerald’s novel, whose fabulous wealth was obtained through mysterious, possibly illegal, means and whose machinations led to his downfall. Vincent Miclet (on the main foto) was presented as somewhat exotic: a slick, fifty-something millionaire playboy, born and educated to Baccalaureate level in Africa, his business acumen, in his own words, “self-taught”. In a self-serving interview with Le Monde, Miclet hoped to portray himself as a business genius cheated by Angola’s corrupt Generals. Publication ensured numerous commentators would take a closer look. The French businessman did not respond the questionnaire . This is the first in a series of investigations by Maka Angola. BUDDIES AND BRIBES According to Liberation, Miclet […]

Corruption

Legal Jeopardy for the Angolan ‘Princess’

28 de August de 2018 D. Quaresma dos Santos

The woman who once styled herself as Africa’s first female billionaire, controlling a complex empire of companies registered around the world, is discovering that all those overseas registrations make her vulnerable to legal action in multiple jurisdictions. As reported extensively by Maka Angola over many years, evidence shows the Dos Santos family and associates customarily registered companies overseas (often in tax havens known for lax supervision) using them as vehicles for the sole purpose of transferring large sums of money between multiple companies owned or controlled by the Dos Santos cohort. International experts say such transactions between shell companies are typical of large-scale embezzlement and money-laundering. One particular financial manoeuvre involving nearly US $500 million transferred through a Dutch-registered subsidiary has now placed Isabel dos Santos in the position of having to defend herself against a lawsuit in the Netherlands in a case that has also been the subject of […]

Portuguese Corruption Trial Snares Angola’s Vice President

24 de February de 2017 D. Quaresma dos Santos

The net is closing around Angola’s Vice-President, Manuel Vicente, the former CEO of the country’s oil giant Sonangol and a man long accused of being a conduit for the diversion of oil revenues into international business deals linked to the Angolan President, his family and close associates. He faces charges in connection with the alleged suborning of a Portuguese prosecutor. Orlando Figueira, in 2013 to set aside an investigation into money-laundering involving the purchase of a US $4 million luxury apartment in Lisbon. Both the prosecutor and Vicente’s lawyer, Paulo Blanco, have also been indicted on charges of violating court confidentiality regarding the investigation into the Angolan subsidiary (BESA) of the Banco de Espirito Santo (BES), which collapsed in 2014. If proven, then by suborning the prosecutor, the Angolans succeeded in interfering with the course of justice in Portugal to prevent any prosecution in the BESA investigation which, by unravelling […]

Sonangol Pays The Vice-President For His Private Maids’ Wages

24 de July de 2013 Rafael Marques de Morais

The Angolan state oil company, Sonangol, pays the wages of the maids and housekeepers working at the private homes of Vice-President Manuel Vicente. Vicente, who was chairman of the board and CEO of Sonangol before entering politics, continues to receive the sum of US $ 43,212 each year from Sonangol for the payment of his maids. In January 2012, President José Eduardo dos Santos relieved Manuel Vicente of his duties at Sonangol and appointed him to the Ministry of Economic Coordination, with the rank of Minister of State. The ministry, created especially to accommodate Manuel Vicente, was abolished with his promotion to vice president in September 2012. Manuel Vicente, in addition to the perks and benefits attached to the post of vice president, is one of the richest men in Africa. The business empire that he shares with generals Manuel Hélder Vieira Dias Júnior “Kopelipa” and Leopoldino Fragoso do Nascimento, frontman […]

Corruption