Post by anenro on Aug 31, 2020 21:15:28 GMT 4
Switzerland freezes Angolan tycoon’s $900 million fortune
Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, according to newly released court documents.
Switzerland’s public prosecutors froze seven accounts of Carlos Manuel de São Vicente and family members in December 2018 on suspicions of money laundering, according to news website Gotham City, which first reported the news. It is one of the largest amounts of money frozen by the Alpine nation. The freezing order on six of the accounts has since been lifted.
Swiss criminal proceedings are highly secretive and details of the investigation and order have only now been made public.
“My client strongly refutes the charges against himself,” Vicente’s Swiss lawyer, Clara Poglia, told the International Consortium of Investigative Journalists. “He confirms that he has always acted according to the law as it will be demonstrated in the frame of the criminal proceedings. He considers in addition that any publication related to these proceedings violates the principle of presumption of innocence as well as his personal rights.”
Vicente took unsuccessful last-minute legal action against Gotham City to prevent publication of the news. “Gotham City’s article contains important factual mistakes,” Poglia said. She declined to identify the mistakes.
Vicente, a Portuguese-Angolan citizen, is the former chairman and CEO of AAA Seguros. Under a 2001 presidential decree signed by José Eduardo dos Santos, the company received a lucrative government monopoly to insure oil sector activity in the natural resource-rich Southern African nation, Gotham City reported. AAA Seguros, which was partly owned by the national oil company, Sonangol, was dissolved in 2020.
Vicente is also the husband of Irene Alexandra da Silva Neto, a former member of parliament and vice-minister in the administration of Jose Eduardo dos Santos. Da Silva Neto is also the daughter of Angola’s first president, António Agostinho Neto.
Swiss authorities allege that between 2012 and 2019 Vicente transferred almost $900 million from the insurance company to personal accounts. The case began in 2018 when the former chairman’s bank, SYZ, alerted Swiss authorities to a $213 million transfer, according to court documents.
Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, according to newly released court documents.
Switzerland’s public prosecutors froze seven accounts of Carlos Manuel de São Vicente and family members in December 2018 on suspicions of money laundering, according to news website Gotham City, which first reported the news. It is one of the largest amounts of money frozen by the Alpine nation. The freezing order on six of the accounts has since been lifted.
Swiss criminal proceedings are highly secretive and details of the investigation and order have only now been made public.
“My client strongly refutes the charges against himself,” Vicente’s Swiss lawyer, Clara Poglia, told the International Consortium of Investigative Journalists. “He confirms that he has always acted according to the law as it will be demonstrated in the frame of the criminal proceedings. He considers in addition that any publication related to these proceedings violates the principle of presumption of innocence as well as his personal rights.”
Vicente took unsuccessful last-minute legal action against Gotham City to prevent publication of the news. “Gotham City’s article contains important factual mistakes,” Poglia said. She declined to identify the mistakes.
Vicente, a Portuguese-Angolan citizen, is the former chairman and CEO of AAA Seguros. Under a 2001 presidential decree signed by José Eduardo dos Santos, the company received a lucrative government monopoly to insure oil sector activity in the natural resource-rich Southern African nation, Gotham City reported. AAA Seguros, which was partly owned by the national oil company, Sonangol, was dissolved in 2020.
Vicente is also the husband of Irene Alexandra da Silva Neto, a former member of parliament and vice-minister in the administration of Jose Eduardo dos Santos. Da Silva Neto is also the daughter of Angola’s first president, António Agostinho Neto.
Swiss authorities allege that between 2012 and 2019 Vicente transferred almost $900 million from the insurance company to personal accounts. The case began in 2018 when the former chairman’s bank, SYZ, alerted Swiss authorities to a $213 million transfer, according to court documents.