Quantum says Swiss prosecutors close Angola-related case
Quantum Global founder Jean-Claude Bastos was released from an Angolan jail last March after reaching a confidential settlement with the Angolan sovereign fund. The Angolan authorities dropped all charges against him.
Keystone / Obed Zilwa
The Office of the Attorney General has closed an investigation into events surrounding the Zug-based asset manager Quantum Global and its founder Jean-Claude Bastos, the firm says. Bastos has been in the spotlight over ties to Angola’s sovereign wealth fund.
This content was published on
1 minute
Keystone-SDA/sb
“With the termination of all investigations, Jean-Claude Bastos has taken a further step towards his complete rehabilitation against the false and unsubstantiated allegations made against him and the Quantum Global Group,” the firm said in a statementExternal link on Thursday.
The Swiss investigations into Bastos were closed on 27 June, the attorney general’s office confirmed to Keystone-SDA.
The abandonment of the Swiss investigation follows the businessman’s release from an Angolan prison last March after reaching a confidential settlement with the Angolan sovereign fund. The Angolan authorities dropped all charges against him.
Bastos was named in the 2017 “Paradise Papers” revelations and until recently managed the Angolan sovereign wealth fund.
More
More
Swiss investment fund founder released from Angolan prison
This content was published on
The confidential settlement was announced on Friday External linkby the company which stated that the Angolan authorities have not filed criminal charges against Bastos. “The settlement agreement follows success in the courts over the past months in Switzerland and in the United Kingdom, where the English High Court dismissed the Worldwide Freezing Order against Quantum…
Basel diocese files five claims of sexual abuse in Swiss Catholic Church
This content was published on
The diocese of Basel has received 141 reports of sexual abuse since the publication of a sweeping study on violations in the Catholic Church by the University of Zurich in 2023.
Swiss president calls for open markets and stable institutions in WEF speech
This content was published on
Swiss President Karin Keller-Sutter was among speakers at the WEF in Davos to make the case for fair competition, a day after Donald Trump became the 47th president of the United States.
Swiss film in competition at the 75th Berlinale has a shot at Golden Bear
This content was published on
The feature film La Cache by Lausanne screenwriter and director Lionel Baier has a chance of winning the Silver or Golden Bear at the 75th Berlinale, festival organisers said on Tuesday.
Swiss politician who shot at image of Jesus resigns from Liberal Green Party
This content was published on
Sanija Ameti, who caused controversy after shooting at an image of Jesus and Mary last September, has resigned from the Liberal Green Party.
Swiss campaigners gather enough signatures to submit ‘responsible business’ initiative
This content was published on
The Swiss people are set to vote again on the corporate responsibility of multinationals after campaigners collected 183,661 signatures in 14 days for their new 'responsible business' initiative.
Several Swiss municipalities and banks hit by cyberattack
This content was published on
Russian hackers attacked the websites of several Swiss municipalities and banks on Tuesday, just as the World Economic Forum (WEF), got under way in Davos.
Music strengthens brain connections in premature babies, Swiss study shows
This content was published on
In premature babies, music strengthens connections in certain areas of the brain, according to a years-long study by the University Hospitals of Geneva (HUG).
WEF gives Crystal Award to Beckham, Yamamoto and von Fürstenberg
This content was published on
The World Economic Forum in Davos handed out awards to UNICEF ambassador David Beckham, Japanese architect Riken Yamamoto and women's rights activist Diane von Fürstenberg.
Swiss CEOs betting on a strong domestic market in 2025
This content was published on
Swiss business leaders are optimistic about 2025, despite a world in crisis, says a new survey by Pricewaterhouse Coopers.
This content was published on
Economics Minister Guy Parmelin and Foreign Minister Ignazio Cassis have welcomed Chinese Vice Premier Ding Xuexiang to Bern
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Swiss investment fund founder released from Angolan prison
This content was published on
The confidential settlement was announced on Friday External linkby the company which stated that the Angolan authorities have not filed criminal charges against Bastos. “The settlement agreement follows success in the courts over the past months in Switzerland and in the United Kingdom, where the English High Court dismissed the Worldwide Freezing Order against Quantum…
Controversial investor Jean-Claude Bastos detained in Angola
This content was published on
According to agency reports, the Angolan-Swiss investor has been placed in detention on suspicion of embezzling national funds.
Attorney generals pledge to pursue Angola fund probe
This content was published on
Justice ministry officials from Switzerland and Angola have discussed closer cooperation in a major international case of suspected corruption.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.