From Black Voice News

Hundreds of millions of dollars may have been divvied up between Angola’s President, Eduardo dos Santos, and Russian and French arms dealers, in what has been called “one of the most egregious cases of financial crime and corruption encountered” by the investigative group Corruption Watch UK and the Angolan legal rights group Free Hands.

Their report, “Deception in High Places: the corrupt Angola-Russia debt deal” was presented this week to the European parliament “as a vivid example of the plundering that can take place in developing nations with the complicity of European bankers and tax havens.”

Release of the report was hosted by a Portuguese parliamentarian, Ana Gomes, and the Open Society Initiative for Southern Africa. The author, Andrew Feinstein, a former South African member of parliament and current director of Corruption Watch UK, was praised for producing the report despite potential legal challenges, and serious personal risk.

The reports shows how millions of dollars move through banks based in Switzerland, Luxembourg, Cyprus, the Netherlands, the British Virgin Islands and the Isle of Man to the benefit of powerful Angolan and Russian figures.

Read more at blackvoicenews.com