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Portugal promises to help Angola recover 'unexplained assets'

November 23, 2018 5:26 PM
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LISBON (Reuters) - Portugal promised on Friday to help the government of Angola repatriate funds obtained through corruption and deposited in the Iberian country, as Luanda steps up its drive to clamp down on alleged fraud by the previous administration.

Many rich Angolans live or own property in Portugal, its former colonial master, and President Joao Lourenco has approved a law to confiscate any “unexplained assets” held by Angolans abroad from January 2019.

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