debt

Swiss authorities release key figure without questionnning

Global financial loopholes must be closed

It has been a month since the release of a damning report into a massively corrupt Angola-Russia debt deal. A month since it explained in forensic detail how more than US$700 million ended up in the pockets of arms dealers and senior Angolan officials, including President dos Santos. A month since a group of courageous Angolan anti-corruption campaigners used its new evidence to file criminal complaints in Angola and Switzerland.

It has been a month since the release of a damning report into a massively corrupt Angolan-Russian debt deal. A month since it explained in forensic detail how more than US$700 million ended up in the pockets of arms dealers and senior Angolan officials, including President dos Santos. A month since a group of courageous Angolan anti-corruption campaigners used its new evidence to file criminal complaints in Angola and Switzerland.

Money laundering and tax fraud have become particularly unpalatable, and sometimes embarrassing, to European governments struggling to reduce their deficits.

As the final battle over Zimbabwe’s draft constitution approaches, most of the focus is on the big political issues, like presidential powers, and the scope of the bill of rights. But as clashes over these topics intensify, other critical subjects are likely to be side-lined – such as critical clauses to do with debt management.

EU's role facilitating corruption

Swiss refuse to investigate looting of US$750 million

We at the Angolan human rights NGO, Associacao Maos Livres, and Corruption Watch UK, a London-based anti-corruption organisation, are deeply disappointed that Swiss Federal prosecutors have decided not to reopen investigations into a corrupt Russian-Angolan debt deal in which senior politicians, officials and middlemen made hundreds of millions of dollars at the expense of the taxpayers of the two countries.

Angola’s never-ending president, Jose Eduardo dos Santos, gave a very rare TV interview this week. Needless to say, his appearance was keenly anticipated.

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