Sonangol Group

In 2019, the oil state-owned company Sonangol accounts for 75% of treasury revenues. Angola

History

2020: Suicide of a company account manager with Portuguese bank EuroBic

In January 2020, Nuno Ribeiro da Cunha, director of VIP clients at Portuguese bank EuroBic and account manager of Angolan state oil company Sonangol at this bank, was found dead in his home in Lisbon.

The banker's death came on the evening of January 22. The main version according to which the police work is suicide.

The largest shareholder of EuroBic Bank was Isabel dos Santos, a Russian woman and daughter of the former Angolan president. She also led Sonangol from June 2016 until November 2017, when she was removed from her post by the new President of Angola, João Lourenço. Isabel dos Santos was declared by the Prosecutor General's Office of Angola suspected of violating the law during the leadership of Sonagol, including money laundering, influence trafficking, malicious management, forgery of documents.

In January 2020, the management of the bank EuroBic announced that Isabel dos Santos had decided to withdraw from the bank's capital, and her package was being put up for sale.

2002-2017: Participation in schemes to withdraw funds from Angolan officials and bankers to Portugal and other EU countries

According to OCCRP, a group of Angolan officials and bank governors have set up their own private banking network to withdraw money to Portugal and other EU countries. Thanks to this system in 2002-2017. at least 324 million dollars were withdrawn abroad, another 257 million were received by European companies associated with these people. The Money Pipeline was exposed back in 2016, but never made public.

Among the participants in shadow operations are the companies of the presidential daughter and citizen of the Russian Federation Isabel dos Santos and a number of other top functionaries closely associated with the oil state-owned company Sonangol, which accounts for 75% of the income of the Angolan treasury. The architects of the "pipeline" were former Vice President Manuel Vicente and his business partner - millionaire Leopoldina Fragos do Nacimento. It was he who turned Sonangol into an opaque network of over 70 subsidiaries on four continents.