Angola Sovereign Wealth Fund Denies Claims Investments Illegal
- FSDEA reacts to media reports based on Paradise Papers
- Swiss newspaper report alleges links to convicted businessman
Luanda, Angola.
Photographer: Simon Dawson/Bloomberg
This article is for subscribers only.
Angola’s Sovereign Wealth Fund said all its operations are legitimate and denied allegations based on the so-called Paradise Papers about how its $5 billion of capital is invested.
“A series of articles have been published in a certain section of the media with unfounded allegations and incorrect information about Fundo Soberano de Angola,” the fund said in a statement on its website on Tuesday. “We would like to reiterate that the FSDEA conducts operations in a legitimate and accountable manner in every jurisdiction.”