An Angolan court ordered the seizure of three textile factories—Mahinajethu-Satec in Dondo, Kwanza Norte province; Alassola-África Têxtil in Benguela province; and New Textang II in Luanda, the National Recovery Service of the Attorney General’s Office (PGR) announced recently. Its statement said the measure is part of a probe into alleged irregularities.
The irregularities relate to public funding granted to private companies, some of which are irregular privatisation, without the voluntary repayment of these funds to date, according to a news agency report.An Angolan court ordered the seizure of three textile factories-Mahinajethu-Satec in Dondo, Kwanza Norte province; Alassola-África Têxtil in Benguela province; and New Textang II in Luanda, the National Recovery Service of the Attorney General's Office (PGR) announced recently. Its statement said the measure is part of a probe into alleged irregularities.#
The PGR reported that the three factories seized were financed through a credit line of the Bank of Japan for international cooperation. (DS)
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