Apr 18, 2018 12:10 PM

Opinion: Corruption Charges in Angola May Spell Trouble for Sinopec

Recent allegations of corruption against two children of Jose Eduardo dos Santos, a former president of Angola, and against Manuel Vicente, a former vice president of the African state, may have implications for Hong Kong and China. The former president’s son, Jose Filomeno dos Santos, has been charged with corruption, while there are allegations of corruption against Jose Eduardo dos Santos’ daughter, Isabel dos Santos, which she denies. Vicente faces trial for corruption in Portugal. All these developments may shine the light of transparency on a secretive group of companies based in Hong Kong nicknamed “the Queensway Group,” and poses risks for China Petroleum and Chemical Corp. (Sinopec), a Chinese state-owned oil company.

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