Angola: Angola denies billions diverted by graft

Angola, Africa's second-biggest crude oil producer, has denied a report that it lost almost $6 billion in illicit capital flows in 2009. Calculations provided to Reuters by Washington-based watchdog Global Financial Integrity (GFI) suggest funds equivalent to nearly a sixth of the annual budget went missing in the last year for which data are available. In a rare response from the usually tight-lipped government, the finance ministry denied there was anything suspicious about the discrepancies highlighted by GFI.