Angola: Chairman of Angola's Bank Bai Accused of Misappropriation of State Assets

[Maka] Allegations of corruption have re-surfaced against the head of Angola's largest private bank, the BAI (Banco Angolano de Investimentos),after a formal criminal complaint against Board Chair José Carlos de Castro Paiva was lodged with the Angolan Attorney-General on Monday. Paiva is alleged to have diverted state assets worth millions of US dollars into private shell companies and bank accounts, to benefit himself and others linked to the discredited former President, José Eduardo dos Santos.