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End Silence on Missing Funds – HRW

Wednesday, January 18, 2012 - 10:34
The government of Angola is urged to publicly disclose its efforts to trace tens of billions of dollars in missing public funds

The Human Rights Watch (HRW) has urged the government of Angola to publicly disclose its efforts to trace tens of billions of dollars in missing public funds apparently connected to the state oil company.

HRW business and human rights director, Arvind Ganesan, points out that, “The Angolan government can’t account for tens of billions of dollars in public funds, and it needs to explain what happened to that money.”

In December 2011, the International Monetary Fund reported that there was an unexplained US$32 billion discrepancy in the Angolan government’s accounts from 2007 through 2010.

To read the article titled, “End silence on missing funds,” click here.

Source: 
Human Rights Watch