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Angola: Alleged $50 billion scam investigation coming to a close
9:32 CAT | 04 Sep 2018
The president of Angola’s Supreme Court, Rui Ferreira, said on Monday that the investigation into a case involving the attempted theft of $50 BILLION ($50,000,000,000)from the Angolan state by Angolan and Thai nationals was almost complete.
The former Angolan joint chief of staff, Geraldo Sachipengo Nunda, is one of the suspects in the case.
The investigators said at least three other high-ranking army officers were involved in the scam.
In late November 2017, a memorandum was signed in Luanda between the Angolan Technical Unit for Private Investment (UTIP), to prepare, conduct and negotiate private investment projects and Centennial Energy Thailand.
The document was signed by the then director of the UTIP, Norberto Garcia, and the chairman of the board of directors of Centennial Energy Thailand, Raveeroj Rithchoteanan, at an event with dozens of Angolan businessmen who wanted to know the conditions of access to that fund.
Source: Lusa
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