Tag: Portmill

Angola’s Path to Justice: Prosecuting the Guilty and Recovering the Stolen Billions

The dramatic recent arrests of high-ranking figures linked to former Angolan President José Eduardo dos Santos has gripped the public. Yet little or nothing has been revealed about the struggle to recover the billions of dollars stolen from the public purse during Dos Santos’s corrupt regime. Extensive whistleblower reports published by Maka Angola have led to numerous investigations and prosecutions across the globe to bring to justice all those who illicitly enriched themselves during the Dos Santos years. But efforts to repatriate the missing billions have been complicated by the tortuous schemes devised by the principals to obscure the money trail. One such example: Back in 2009, an Angolan company named Portmill Investimentos e Telecomunicações S.A. allegedly committed fraud in its acquisition of a majority shareholding in the Banco de Espírito Santo Angola (BESA). BESA was the Angolan subisdiary of one of Portugal’s oldest private banks, the Banco de Espírito […]

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Portuguese Corruption Trial Snares Angola’s Vice President

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 […]

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The Angolan Presidency: the Epicentre of Corruption

This report shows how the Presidency of the Republic of Angola has become the site of shady business deals, a fact that has consequences for citizens’ freedom and development, as well as for the country’s political and economic stability. The text responds President José Eduardo dos Santos’s call, on 21 November 2009, for a zero tolerance policy against corruption. For the sake of clarity, this investigation limits itself to a small demonstration of the business practices employed by the minister of State and head of the Military Bureau (Casa Militar) in the Presidency, General Manuel Hélder Vieira Dias Júnior “Kopelipa”. This is the man responsible for co-ordinating the defence and security sectors of the state. General Kopelipa is one of the triumvirate that today dominates Angola’s political economy, along with General Leopoldino Fragoso do Nascimento “Dino”, the presidency’s head of telecommunications, and Manuel Vicente, the chairman and CEO of the […]

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President’s Three Henchmen Lead the Plunder of State Assets

In his latest report, “The Angolan Presidency: The Epicentre of Corruption”, Angolan journalist and human rights activist Rafael Marques de Morais focuses on the illicit business links of a powerful triumvirate of officials close to President José Eduardo dos Santos. These officials are the head of the Military Bureau of the Presidency, the head of Telecommunications at the Presidency, and the CEO and chair of national oil company Sonangol, respectively General Manuel Hélder Vieira Dias Júnior “Kopelipa”, General Leopoldino Fragoso do Nascimento, and Manuel Vicente. “Their dealings acknowledge no distinction between public and private affairs, and this has allowed them to channel millions of dollars worth of state assets into their own private businesses,” Marques de Morais says. One of the tools used by these officials for their private operations, according to the report, is the power and the international reputation of Sonangol as well as their influence on the […]

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