Breaking: Dos Santos misappropriated over $24 Billion –Lourenço

Last updated on September 11th, 2021 at 08:20 am

President of Angola, Joao Lourenço continues to probe immediate past president José Eduardo Dos Santos.

In a detailed interview with the BBC, Lourenco estimated that the united states misplaced up to US$24 billion bucks underneath the former administration of president José Eduardo dos Santos.

According to the president, over half of the figure US$13.5 billion dollars, had been diverted through fraudulent contracts with kingdom oil employer Sonangol, one of Angola’s leading institutions.

It’s Twice the country’s internet overseas forex reserves. The Wall Street Journal referred to that the discern printed by João Lourenço was once no longer independently confirmed, but is “consistent with the considerable sums” already seized ultimate yr from Isabel and Filomeno dos Santos, the former president’s children.

Since José Eduardo dos Santos stepped down after 37 years as the head of state, Dos Santos’ family, and particulary former Sanangol president Isabel Dos Santos, has been focused by using the anti-corruption measures Lourenço introduced in 2017.

Isabel Dos Santos whose property have been seized after being named a suspect in a corruption investigation. She denies any wrongdoing and accused Luanda of persecuting her.