Angola has recovered assets worth more than $11 billion that had been looted from state coffers and stashed in countries around the world, the Justice Minister said on Thursday.
According to the minister, assets have been recovered from Britain,
Switzerland, Singapore and Bermuda, among others.
After taking office in 2017, President Joao Lourenco launched an anti-
corruption drive to recoup assets he suspected were embezzled under his
predecessor, Jose Eduardo dos Santos.
Sullied by nepotism, Dos Santos, 79, was accused of appointing relatives
and friends to top positions during his 38-year presidency, who allegedly
siphoned off Angola’s oil wealth, leaving behind a nation mired in
poverty.
