Record freezing of funds at Syz – Angolan magnate who had...

This arrest could delay the lifting of the sequestration affixed by the Geneva justice on 856 million francs deposited by Carlos Manuel de São Vicente at Banque Syz.

Pierre-Alexandre Sallier

Posted today at 19:10

AAA Seguros, the insurance company of Carlos Manuel de São Vicente, reigned for fifteen years on a “business” of the most profitable: the insurance of the oil companies exploiting the hydrocarbon deposits off the country.

AFP

The Angolan magnate of theinsurance that had miss sa fortune at lshelter in Geneva, beforeto interest cantonal justice in 2018, has been imprisoned for a month at the center penitentiary de Comarca Viana, in Luanda. His arrest reflects a turnaround as fast as completely of Angolan authorities in front of l’man who exploitbelong to a juicy monopoly: theoffshore platform insurance operated byare “older” off the coast of third pc ays oil tankerontinent.

This about-face could delay the lifting of the sequestration affixed by the Geneva justice on 856 million francs deposited by Carlos Manuel de São Vicente at the Banque Syz.

Disappointed with his banker

L’deal withwas going been triggered the 7 novembre 2018 aprest denunciation of thea bank at bureau dand anti-money laundering the MROS. Suspicion invoked? This key customer pcould not declare his assets to the tax authoritiesyears his country. This is not the only reason, however, if we are to believe the blame inflicted last month in Syz by his supervisory authority. FINMA refers to a “breach in [sa] fight against money laundering ”.

This report had intervened while relations sand tendhave with a customer who, over e-mails, warned the banker Eric Syz that he was going get all his money out of thereestablishment. Lirruption of the Geneva justiceeneitherwill prevent. In fortune remains blockedthe Rhône quay, despite requests from his lawyers.

Luanda changes its mind

“There is no evidence in Angola of corruption, money laundering or economic participation in the crimes described in [votre] Commission.” Several hundred pages long, the reply sent in mid-August by the Angolan authorities at Geneva public prosecutor seemed purging to point in favor of a lifting of held captive.

“The defendant became a shareholder of AAA Seguros to the detriment of Sonangol”

Office of the Attorney General of the Republic of Angola

Everything has changed since then. Theinvestigation swiss over man qhe was worth 1 billion made the headlines in Angola. Heard again by the police in Luanda, he was taken into custody on September 17.

Thes procureurs Angolan, who l’had absolveds a month earlier, now suspect him of being dbecome 90% owner of la companyAAA Seguros insurance “to the detriment of Sonangol”, the oil arm of the‘IT’Stat, by causing him “losses of more than 900 millions of dollars”. According to the arrest warrant issued by the Angolan authorities, theman dcases would have mounted “a ploy” in order to “sappropriating illegally lthe benefits of System Doil sector insurance ”.

“Political” accusations

Seeming to validate the suspicions at the origin of the Geneva proceedings, this new investigation from Luanda makes the sky fall on the head of lman dbusiness, dont lhis family was then in Portugal. “These baseless accusations show that the turn taken by events isst motivated solely by a political decision ”, a dû rdied her Geneva lawyere Clara Poglia in a press release.

“Two months ago, the Angolan state confirmed that it had no complaints against Mr. de São Vicente”

Clara Poglia, lawyers, Geneva

Joined yesterday, this last rcall that 60 year old man “had been, in the cadre of its activity to the Sonangol, charg to restructure the risk management of oil operations, which led to the creation of an Angolan company to safeguard this insurance activity in the country». Study associate Schellenberg Wittmer adds that this role dinsurer ofs oil companies in the country lui has been removed in 2016, while the national company was reprise by the daughter of theformer president Dos Santos.

Deprived of contracts, Carlos Manuel de São Vicente toort since organized the liquidation of his company. In particular by disentangling theskein ofis advances in dollarshe had conceded to AAA Seguros – the company at cœheart of his conglomerate to enable him to carry out his activity. According to documents to which the editorial staff had access, elle thus rendered him 637 million dollars between 2008 and 2018, is three quarters of the amounts deposited in Geneva. L’man dcases was still waiting for the refund of 150 millions. Not likely that he will ever receive them.

AAA insurance company building in Luanda.

DR

Posted today at 19:10

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