Former Angolan president’s son sentenced to five years in jail for fraud
Angola’s Supreme Court has sentenced José Filomeno dos Santos, the son of the oil-rich country’s former president,
for fraud during his term as head of the country’s $5bn Sovereign Wealth Fund.
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Dos Santos, 42, was summoned before the court in December over allegations he tried to embezzle up to $1.5 bn
from the sovereign wealth fund, which he oversaw from 2013 to 2018.
Former Angolan president’s son, Nicknamed “Zenu”, dos Santos, was charged with stealing $500m from the fund and transferring it to a Swiss bank account.
“For the crime of fraud … and for the crime of peddling influence … the legal cumulus condemns him to a single sentence of five years in prison,” judge Joao da Cruz Pitra said on Friday
Three co-defendants, including the former governor of the National Bank of Angola (BNA), Valter Filipe da Silva, were sentenced to between four and six years in prison for fraud, embezzlement and influence peddling.