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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Angola’s sovereign wealth fund denies R3bln spend on ‘trophy’ office

Posted on 20 November 2013

Angola’s sovereign wealth fund has strongly denied spending R3-billion on a “trophy” office block in London’s exclusive Mayfair district, saying the property was purchased under a separate Central Bank of Angola mandate at open auction in August last year.
Mail & Guardian investigative wing AmaBhungane last week reported on allegations appearing in the journal Africa Confidential that the $5-billion fund, chaired by Filomeno dos Santos, the son of Angola’s President José Eduardo dos Santos, had bought a 9 750 square metre office block at 23 Savile Row in London, United Kingdom………………………………….Full Article: Source


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