LOM 4.76% 4.0¢ lucapa diamond company limited

The Joys of Sovereign Risk!, page-2

  1. 9,397 Posts.
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    Thanks, VoR.
    More than interesting, and seems to confirm everything we thought we knew, and more. I think it's great that this is coming out in such a public way, because it will make it difficult, if not impossible, to sweep under the carpet. I note that the UK has introduced legislation to confiscate 'unexplained' UK assets, usually high value London real estate, of suspected international money launderers, not that that has any connection to this case, just pointing out, and it has in fact been used in one or two high profile cases.
    This testing of the Africa's Richest Woman story is exactly what has to happen if Angola is going to clean up its act, and as an example to other countries in the region, but the important thing, as I wrote earlier, is not to replace one kleptocracy with another.
    B22.

 
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