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Angola: Over USD 100 bln taken from treasury

     Politics              
  • Luanda • Wednesday, 27 April de 2022 | 12h13
Attorney General Hélder Pitta Gróz
Attorney General Hélder Pitta Gróz
Rosário dos Santos

Luanda - More than 100 billion dollars have been withdrawn from the Treasury and transferred abroad, the Attorney General Hélder Pitta Gróz announced on Wednesday in Luanda.

According to the magistrate, who was speaking at the opening of the International Conference on Asset Recovery, without referring to the period in question, the sectors of the economy most affected were civil construction, public works, oil and diamonds.

He pointed out that in the last four years there has been legislative production by the holder of the executive power and the legislative power, which has updated both the criminal procedures, the typification of the facts and the respective criminal frameworks .

This fact contributed to the recovery of financial and non-financial assets, estimated at more than five billion US dollars, he said.

As non-financial assets, he added, stress went to factories, media, supermarkets, buildings, hotels and equity interests.

Pitta Gróz reported that since 2017, movable property, consisting of public funds amounting to approximately US$12 billion, has been seized in some cases and in foreclosures.

Of this amount, at least $6 billion was raised in Angola and the rest abroad, including in Portugal, the United Kingdom, the Netherlands, Luxembourg and Monaco.

The international conference, which is due to end this afternoon, takes place under the theme "For societies committed to the fight against economic and financial crime".



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