UK updates anti-corruption sanctions entry for Sarju Raikundalia

LONDON, June 2, 2026 — The Foreign, Commonwealth and Development Office said it updated the U.K. Sanctions List on Tuesday under the Global Anti-Corruption regime, making a variation to the entry for Sarju Raikundalia rather than adding or removing a target. The notice says the entry remains subject to sanctions.

Raikundalia, listed under unique ID GAC0051, remains subject to an asset freeze, travel ban and director disqualification sanction. The notice says the director disqualification sanction was imposed on April 9, 2025, and shows the entry as last updated on June 2, 2026.

The U.K. statement of reasons says the foreign secretary considers there are reasonable grounds to suspect Raikundalia is an “involved person” under the Global Anti-Corruption Sanctions Regulations 2021. The notice says that assessment is tied to alleged responsibility for, support for, facilitation of, or financial benefit from serious corruption, specifically involving the misappropriation of property by Isabel dos Santos from Angola’s state oil company Sonangol.

The updated entry lists Raikundalia’s nationality as Portuguese, gender as male, address country as the United Arab Emirates, designation source as the U.K., date designated as Nov. 21, 2024, and OFSI group ID 16695.

For compliance teams, the practical point is that this is a live record amendment on a still-designated person, not a delisting. U.K. persons and firms that know or suspect they hold or are dealing with his funds or economic resources must freeze them, avoid making funds or resources available, and report relevant findings to OFSI.