Angolan government attacks irregularities in business with Atlantic Ventures



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At issue is a case attributed by presidential decree signed by the then head of state, José Eduardo dos Santos, on September 20, 2017, six days before the inauguration of the new president , João Lourenço, who end of June

The concession was 30 years old and the work is valued at 1 500 million dollars (1.3 billion euros), involving the issuance of an Atlantic Ventures

In the statement issued Friday night by the Department of Transportation, it is stated that Atlantic Ventures intended to "take no chances of its business and affairs," which were "in the name of of the state and the public treasury. "

It also indicates that, to date, what was, on the basis of Presidential Decree 207/17, was" the intention "to implement and develop the port of Barra do Dande [19659005] "What it is only the starting point of alquer project", underlines the 14-page statement in which the Ministry of Transport, led by Ricardo Abreu, refutes in several points the previous communication of 39 Atlantic Ventures, which threatened to appeal to the courts against the revocation of the concession

The statement said that the presidential decree of September 2017 constitutes "an award decision", by "an award procedure". direct award, without competition "and" without formalities found ". Atlantic Ventures, a limited company headquartered in Luanda, was formed "three months and 11 days before" the publication of the presidential decree that granted the concession. In addition, he said, was constituted capital of four million kwanzas (13,300 euros) in 400 shares. Fidel Kiluange Sitting Araújo, known as the legal prosecutor of Isabel dos Santos, daughter of former president José Eduardo dos Santos, in several companies, will have, according to the Ministry of Transport, 396 shares, the remaining four shares being divided by four other persons,

"It is common knowledge that these people have no experience in concession activities, so neither Engenheira Isabel dos Santos nor any foreign investor in the global port industry [conforme alegava o comunicado anterior da Atlantic Ventures] are part of the shareholding structure of said company, and it is also wrong that the state holds 40% of the shares through the port of Luanda. "

It also states that" it is obvious "that the company Atlantic Ventures" and specifically created as an intermediary for the concession of the port project of Barra do Dande, "who would be" that would be executed by other foreign entities not related to the State. t Angolan, with all the risks of non-compliance with contractual obligations. "

" Atlantic Ventures, an entity that is notoriously without capacity or financial capability, would resort to bank financing in full investment, intending to present to the national and / or international bank , a bank guarantee to the 1st request, in the exact amount of the financing obtained. Among the many charges brought to the company in 2017, the Ministry of Transportation notes that Atlantic Ventures intended "that a minimum income guarantee clause be provided in its favor, without criteria ". This would be paid by the state "whenever the result of its operation would be less than a minimum gross income."

Stresses that, in the case of a concession, the business violates the rules of public works, which limit 500 public works concession, concession of public works or concession of public services, without appeal of public offers.

"And the concession made without"

He also points out that the launch of a public-private partnership – involving the public company Porto de Luanda – "is done according to the applicable contractual procedure",

"Therefore, since there was no competition and the decision of the Court, it was found once again that there had been a violation of the legally enforceable procedure", says the ministry again. it is clear that this is the position that best defends the public interest and the internal and international image of the Angolan State, "the statement concludes, guaranteeing the forthcoming launch of the Angolan government. an "open and transparent call for tenders" for the project for the future port of Barra de Dande

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