SWISS GOVT REPATRIATES TO ANGOLA 60 MLN USD PREVIOUSLY FROZEN

LUANDA– The office of Angola’s Attorney-General has confirmed the release of 60 million US dollars of funds frozen held in Swiss bank accounts and frozen by the authorities in Switzerland on suspicion of connections to money laundering activities.

Disclosing this to ANGOP here Sunday, the Attorney-General’s Office said the information was announced by the Office of the Attorney-General of Switzerland on Friday and that the 60 million USD formed part of a total of 210 million USD worth of assets which were frozen.

The move came in response to reports that the assets were transferred by National Bank of Angola and the Fondo Soberano de Angola, the country’s sovereign wealth fund, to bank accounts in Switzerland by a company managed by Jean-Claude Bastos Switzerland unblocks USD 60 million seized in Angola.

The move came in response to reports that assets transferred by National Bank of Angola and the Fondo Soberano de Angola, the sovereign wealth fund, to bank accountS in Switzerland by a company managed by Jean-Claude Bastos de Morais, a Swiss-Angolan entrepreneur, who founded the Quantum Global Group.

This is the main result of the three-day official visit of the Attorney General, Helder Pitta Groz, to Switzerland where he met with his Swiss counterpart, Michael Lauber, to strengthen relations of co-operation between the two institutions.

Helder Pitta Groz was also received by the Swiss Minister of Justice and discussed judicial co-operation in criminal matters and those of common interest.

During the meetings in Switzerland, both countries expressed the wish to work together to fight corruption and transnational organized crime.

Source: NAM NEWS NETWORK

SWISS GOVT REPATRIATES TO ANGOLA 60 MLN USD PREVIOUSLY FROZEN

LUANDA– The office of Angola’s Attorney-General has confirmed the release of 60 million US dollars of funds frozen held in Swiss bank accounts and frozen by the authorities in Switzerland on suspicion of connections to money laundering activities.

Disclosing this to ANGOP here Sunday, the Attorney-General’s Office said the information was announced by the Office of the Attorney-General of Switzerland on Friday and that the 60 million USD formed part of a total of 210 million USD worth of assets which were frozen.

The move came in response to reports that the assets were transferred by National Bank of Angola and the Fondo Soberano de Angola, the country’s sovereign wealth fund, to bank accounts in Switzerland by a company managed by Jean-Claude Bastos Switzerland unblocks USD 60 million seized in Angola.

The move came in response to reports that assets transferred by National Bank of Angola and the Fondo Soberano de Angola, the sovereign wealth fund, to bank accountS in Switzerland by a company managed by Jean-Claude Bastos de Morais, a Swiss-Angolan entrepreneur, who founded the Quantum Global Group.

This is the main result of the three-day official visit of the Attorney General, Helder Pitta Groz, to Switzerland where he met with his Swiss counterpart, Michael Lauber, to strengthen relations of co-operation between the two institutions.

Helder Pitta Groz was also received by the Swiss Minister of Justice and discussed judicial co-operation in criminal matters and those of common interest.

During the meetings in Switzerland, both countries expressed the wish to work together to fight corruption and transnational organized crime.

Source: NAM NEWS NETWORK