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Marcelo on Luanda Leaks: Investment from around the world is welcome in Portugal with respect for legality

The President of the Portuguese Republic said that investment from around the world is welcome to Portugal as long as it respects the legality, in relation to the 'Luanda Leaks' case, which he referred to the judiciary and regulators.

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Marcelo Rebelo de Sousa was asked about this investigation by a group of media, in which financial schemes of businesswoman Isabel dos Santos and her husband, Sindika Dokolo, were detailed in a hotel in Jerusalem, where she meets to participate in the 5th Forum Holocaust Day.

"I said, in general, that investment coming from that country, as well as from other countries, as well as citizens from around the world is welcome, naturally with respect for constitutionality and legality. It continues to be welcome", he replied to journalists.

The President of the Republic, who had been confronted with his previous statements about Angolan investment in Portugal, added: "In fact, this week the Prime Minister spoke of this, of the importance of foreign investment and growth in Portugal. This I fully maintain".

Regarding the actions of the Portuguese authorities in the 'Luanda Leaks' case, Marcelo Rebelo de Sousa considered that "apparently" this is "a matter that involves powers of the judiciary, of the investigative and decision-making institutions, and of the supervisors, and of the regulators - who are independent and must be independent", not political power.

"It is now, of course, up to those powers to analyze what they should do, how they should do it, if they have to do it. The President of the Republic will not say what he thinks of the prosecution's intervention, what he thinks of the intervention of a court in a given case, what do you think of the intervention of a regulatory authority, which are many, which may have to do with these activities", he defended.

Excusing himself to comment on the performance of these bodies, Marcelo Rebelo de Sousa repeated that "the Public Ministry, courts, supervisors, regulators" is that "they have the power to intervene" in this matter, and not the political power, and referred that the Minister of Business Foreigners, Augusto Santos Silva conveyed a similar position.

In Brussels, on Monday, the Portuguese Minister of State and Foreign Affairs declared that, "under Portuguese law, banking activities are regulated by an authority called Banco de Portugal (BdP)" and "activities related to the capital markets are regulated by an entity called the Securities Market Commission (CMVM)".

"These are two regulators independent of the Government, so the Government has no comments to make," concluded Augusto Santos Silva, in response to journalists, about the 'Luanda Leaks' case.

The minister added that he is "certain that any information that comes and that contains evidence of a criminal nature will be investigated by the judicial authorities and any information that comes and that has evidence of an administrative nature will be investigated by the respective entities".

"Independence is valid in both directions: they are independent of the Government and the Government is also independent of independent regulators", he stressed.

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