Thu, 11 Apr 2019 12:41 - Updated Thu, 11 Apr 2019 12:42
Thai Swindle: Supreme Court to rule on case next Tuesday
Luanda -The Supreme Court is to give next Tuesday (April 16) the final verdict on the defendants involved in the case dubbed "Thai Swindle", in which 10 individuals, Angolan and foreign, have been implicated.
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Lawyers in Thai Swindle Trial
Photo: Pedro Parente
Thai Swindle Trial
Photo: Pedro Parente
This was announced last Wednesday by the trial judge after introducing the Interrogatories that will be responded in next Tuesday’s session, preceding final deliberation and verdict.
The lawsuit involves prominent Angolan figures such as the ex-director of the former Technical Unit for Private Investment (UTIP), Norberto Garcia, and Arsénio Manuel, CEO of the Jango Yetu (housing) Cooperative which belongs to the Angolan Armed Forces (FAA).
They are all accused by the Public Ministry (Prosecution Department) of having committed crimes of forgery of documents, fraud, criminal association and money laundering.
The scam was revealed in 2017 when alleged Thai investors, with alleged complicity of national citizens, attempted to swindle the Angolan State of USD 50 billion.
Following investigations conducted by the Criminal Investigation Service (SIC) it was concluded that there was no credit line made available by an alleged company that would come to Angola at the invitation of one of the defendants, Celeste de Brito.
At the time, the Supreme Court decided to apply the coercive measure Remand Custody to eight defendants of this case, which includes four Thai citizens, equal number of Angolans, one Canadian and one Ethiopian.
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