UNODC report uncovers $1.7trn corruption, organised crime in global sports

The United Nations Office on Drugs and Crime (UNODC) has uncovered a staggering [1.7] trillion dollars, which is estimated to be wagered on illicit betting market every year.

staggering scale, manifestation, and complexity of corruption and organised crime in sports at the global, regional, and national levels.

11 December 2021

https://guardian.ng/news/unodc-report-uncovers-1-7trn-corruption-organised-crime-in-global-sports/

Angolan Billionaire Isabel Dos Santos Hit With US Sanctions For 'significant Corruption'

Isabel dos Santos, once Africa’s richest woman, has been placed under visa restriction by the US because of her “involvement in significant corruption".

In 2013, Forbes had declared the 48-year-old the richest woman in Africa, with an estimated net worth of $3.5 billion. However, in 2020, she was dropped from the list, with Forbes estimating that $1.6 billion assets are frozen in Angola and Portugal.

11th December, 2021

https://www.republicworld.com/world-news/us-news/angolan-billionaire-isabel-dos-santos-hit-with-us-sanctions-for-significant-corruption.html

The Seychelles does not require owners or shareholders of shell companies to publicly disclose their identities.

Among the politically connected people who chose the island nation for their offshore business:

Isabel dos Santos, the daughter of Angola’s longtime ruler, Jose Eduardo dos Santos, owned two Seychelles companies to own real estate and import and export goods

1 December 2021

https://allafrica.com/stories/202112110060.html