Jean-Claude Bastos. Swi9ss Angolan Archives - Jean-Jacques Cornish https://jjcornish.com/tag/jean-claude-bastos-swi9ss-angolan/ The low down on African affairs Tue, 07 Nov 2017 22:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://i0.wp.com/jjcornish.com/wp-content/uploads/2020/05/cropped-Fountain_Pen_favicon-812.png?fit=32%2C32&ssl=1 Jean-Claude Bastos. Swi9ss Angolan Archives - Jean-Jacques Cornish https://jjcornish.com/tag/jean-claude-bastos-swi9ss-angolan/ 32 32 Angola sovereign wealth fund manager salts away $40 for himself in 20 months https://jjcornish.com/2017/11/angola-sovereign-wealth-fund-manager-salts-away-40-20-months/ Tue, 07 Nov 2017 22:00:00 +0000 https://jjcornish.com/2017/11/angola-sovereign-wealth-fund-manager-salts-away-40-20-months/ The Paradise Papers currently leaking the  financial bolt holes of the world’s super-rich reveals a friend of former President Eduardo Dos Santos’s son making a $41 million dollar profit from 20 months of managing the Angolan people’s fund. Angolan-Swiss citizen Jean-Claude Bastos says his takings pale by comparison with the earning he’s generated for the […]

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The Paradise Papers currently leaking the  financial bolt holes of the world’s super-rich reveals a friend of former President Eduardo Dos Santos’s son making a $41 million dollar profit from 20 months of managing the Angolan people’s fund.

Angolan-Swiss citizen Jean-Claude Bastos says his takings pale by comparison with the earning he’s generated for the fund.

Jean-Claude Bastos is a close friend of former president Eduardo dos Santos’s 39-year-old son Jose Filomento.

He was put in charge of Angola’s sovereign wealth fund that generated $90 million between May 2014 and the end of 2015.

Bastos salted away $40-million in profit for himself and invested the rest in the British Virgin Islands.

Oil-rich Angola tops the list of Transparency International’s corrupt countries.

The majority of  Angolans live in abject poverty and it has among the highest child mortality rates in the world.

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