Projects

Deception in High Places:
The Corrupt Angola-Russia Debt Deal

Overview

In 2011, Corruption Watch was approached with a cache of documents that exposed one of the most egregious cases of financial crime and corruption we had encountered.

The documents told the detailed story of how, via the insertion of dubious middlemen into a Debt Deal between Russia and Angola, hundreds of millions of dollars were diverted from the treasuries of both Russia and Angola (one of the poorest countries in the world) and into the pockets of businessmen, arms dealers and serving politicians, all ably facilitated by global banks in secrecy jurisdictions ranging from Switzerland to Cyprus.

Together with Associação Mãos Livres (ML), a human rights organization based in Luanda with offices in Cabinda and Huambo, we present the full story of the Corrupt Angola-Russia Debt Deal.

Press Releases and Summary FAQs

English

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French

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Portuguese

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Full Report

report

Read the full report here

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Executive Summary

summary

Read a short summary of the Deal and our recommendations

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Exhibits

exhibits

See all relevant exhibits on which the report has been based

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Key Players

players

View the key players involved in the deal

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Latest News

The Denunciation Ceremony

Corruption Watch and our partners remain convinced that criminal investigations should continue into the individuals who profited unduly from the Angola-Russia Debt Deal.

To this effect, four concerned Angolan citizens have, in April 2013, filed a legal ‘denonciation penale’ with Swiss authorities requesting a criminal investigation into the matter.

The full ‘denonciation penale’ is available to view as a pdf below.

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Denunciation