Angola recovers US$5.3 billion in crime fight

crime scene
crime scene

Angola has so far recovered 5.3 billion U.S. dollars national asset in cash and assets in economic-financial and patrimonial crimes, Attorney General Helder Pitta Gros has said.

Of that sum, 2.7 billion dollars were in cash and the remaining in housing, offices, buildings, factories, port terminals, shareholdings in companies and others, Gros said on Tuesday.

The Attorney General’s Office will taken more actions against economic and financial crimes, he said.

Gros said his office has been investigating at least 1,522 processes related to economic-financial and patrimonial crimes, with emphasis on embezzlement, money laundering, active and passive corruption, fraud and undue receipt of advantages, and crimes of economic meddling in businesses.

The National Asset Recovery Service, he said, has requested its counterparts abroad to seize assets and money worth 5.4 billion dollars in countries such as Switzerland, the Netherlands, Luxembourg, Portugal, the United Kingdom, Singapore, and Bermuda.

Early in October, Angolan President Joao Lourenco said economic and financial crimes cost the country about 24 billion dollars, including money unlawfully withdrawn through fraudulent contracts with state oil firm Sonangol and the Sodiam and Endiama diamond firms. Enditem

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