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Angola grabs assets from generals close to former president
9:42 CAT | 16 Oct 2020
- Assets seized from the two generals implicated in corruption include a brewery, vehicle assembly plant and a cement factory
Angolan prosecutors have seized assets belonging to two of former president José Eduardo dos Santos’s closest aides, the latest step in a crackdown on corruption in the southern African country.
Assets including a brewery and a vehicle assembly plant held by Gen Manuel Helder Vieira Dias, known as Kopelipa, and Leopoldino do Nascimento, known as Dino, were taken, Angola’s prosecutor’s office said in an e-mailed statement on Wednesday.
Other assets that were seized included shares in a sugar factory and supermarket chain, a cement factory and buildings and residences.
The Wall Street Journal in October cited Angolan President Joao Lourenco as saying the previous regime and its associates siphoned off $23.79bn from the state, mostly through fraudulent contracts with government-owned companies.
Among the targets of the corruption probe are Dos Santos’s children.
Source: Bloomberg
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