ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage



Home » News » Economy

Mon, 16 Apr 2018 11:40 - Updated Mon, 16 Apr 2018 12:11

Quantum Global denies involvement in transfer of USD 500 million

Luanda - The Swiss entrepreneurial group Quantum Global has categorically denied the ?false allegations made by the media?, according to which this company was being investigated by the Angolan authorities in regard to a suspicious transfer of USD 500 million.

Send by email

To share this news by email, fill out the information below and click Send


To report errors in the texts of articles published, fill out the information below and click Send

The Quantum Global founder and president, Jean-Claude Bastos de Morais, has said in regard to this information “I vehemently deny any of those allegations and I can unequivocally confirm that neither  Quantum Global nor myself were part of a transaction of USD 500 million, which is being investigated by the Angolan authorities”.

He stressed that the false allegations continue to be published by the media, despite the fact that the company placed, on April 04, an official communiqué on its website clarifying the issue.

He went on to say that he did not know about such transaction until it came on the media and, eventually, it was confirmed by the Angolan Finances Ministry.

“Moreover, in no occasion I was interrogated by the Angolan authorities or any other regulatory body about the said transaction”, he emphasised.


Meanwhile, Quantum Global has also announced that it is terminating the management contract it had with the Angolan Sovereign Fund (FSDEA), due to the changes of the company’s priorities in Angola.   

The company has assured that there are no more funds from the FSDEA being managed by Quantum Global. However, it has also manifested its pride for the work done for the FEDEA.

Tags Economy  

Read also
  • 06/02/2019 11:18:17

    Angola wants France's aid to build strong economy

    Luanda - The Angolan government is counting on French government's aid to build a strong economy, become less reliant on oil and competitive enough to generate prosperity.

  • 31/01/2019 17:55:18

    Governor guarantees support for agricultural development

    Saurimo - The provincial governor of Lunda Sul, Daniel Félix Neto, assured Thursday in Saurimo, to support peasants with agricultural instruments and seeds, as part of the Government's strategy to combat hunger and poverty.

  • 31/01/2019 10:43:25

    Angola and Namibia study model of Baynes dam construction

    Malanje - Angola and Namibia on Wednesday discussed technical, economic and environmental requirements for the construction of the Baynes Binational hydroelectric dam in the border region of both countries.

  • 30/01/2019 11:42:40

    Biocom to increase sugar output

    Luanda - The Bio-energy company of Angola (BIOCOM) expects to increase its sugar production this year, from the prior 73,000 produced in 2018 to 100,000 tonnes in 2019, said the firm’s assistant manager, Luis Júnior.