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Swiss Court Partially Unfreeze $900 Million Belonging To Jailed Angolan Businessman Carlos Manuel De Sao Vicente

Top Swiss Court Partially Reverses Freeze on Angolan Tycoon’s $900 Million Fortune, stating that the evidence for money laundering alleged by prosecutors were inadequate.

The ruling reverses one the largest personal asset freezes in Swiss history, levied by prosecutors in 2018 and upheld by a court last year, but keeps it in place pending appeals.

Carlos Manuel de Sao Vicente was a key figure in Angola’s oil industry, heading a group of companies called AAA International which sold insurance contracts to state oil company Sonangol over nearly two decades of bumper profits.

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News/Image: Times live | FreeMindFreeWorld

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