According to Manuel Halaiwa, the police authorities are trying to locate the citizen Edson Caetano de Oliveira, suspected of committing crimes of usury and criminal association, for receiving hundreds of millions of kwanzas from different people, with promises of reimbursement within a period of six months, with interest of 15 percent on the amount invested, "which never materialized".
As part of the investigation, SIC seized, between the 27th and 29th of July 2022, nine properties, located in the municipality of Viana, specifically in the Zango Urban District, aka Luanda Cleans and sealed seven properties, located at Zango 5-8000.
Manuel Halaiwa told Lusa that the first complaints from Xtagirious customers were made in 2021, noting that the seizure is the result of 18 ongoing criminal proceedings, in which several citizens are complaining against Edson Caetano de Oliveira.
In 2021, the National Bank of Angola (BNA) in a statement said that Xtagiarious was not authorized to carry out any financial activity subject to its supervision, especially in the capture of deposits and monetary investments, activities reserved for banking financial institutions.
"Given the seriousness of the facts and the numerous complaints presented, and formal complaints made, it was the citizen Edson Caetano de Oliveira, constituted as defendant, due to strong evidence in the practice of crimes of usury and criminal association, so steps are being taken to locate him and detention, within the framework of criminal responsibility for the facts imputed to him", says a press release issued by SIC.
The financial company, founded in 2013 by businessman Edson de Oliveira, presented itself in April 2021 to Forbes Angola as a start-up valued at more than four billion kwanzas, directly employing 218 young people and another 30 from indirect way.
The entrepreneur told the magazine that the business started with a group of four friends, who created a digital magazine eight years ago, with content on fashion, 'hip hop' and business, which later evolved to provide services to the financial sector.