Apr 22, 2018 Last Updated 2:12 PM, Apr 20, 2018

José Filomeno Dos Santos Named Suspect In $500m Fraud Case

José Filomeno dos Santos was removed as head of a $5bn wealth fund this year José Filomeno dos Santos was removed as head of a $5bn wealth fund this year Image sourced at bbc.com
Published in International News
Read 2914 times
Rate this item
(0 votes)
Tagged under

The son of Angola's ex-President José Eduardo dos Santos has been formally accused of fraud over the alleged illegal transfer of $500m (£350m) from the central bank to the UK.

José Filomeno dos Santos is also barred from leaving the country, deputy Attorney General Luis Benza Zanga said.

Mr Dos Santos is the highest profile person targeted in new President João Lourenço's anti-corruption drive.

He had led oil-rich Angola's sovereign wealth fund during his father's rule.

However, he was removed from this role in January, months after a BBC investigation into Angola’s $5bn fund and following an internal governance review.

The allegations against him relate to the $500m transferred to a British bank, which was then frozen by authorities in the UK. The UK say the money can now be returned.

Mr Dos Santos was formally named a suspect in the investigation, along with the former governor of Angola's central bank, Valter Filipe da Silva.

Neither were immediately available to comment.

Mr Zanga said there was no chance of the case falling under any sort of amnesty currently being offered by the government.

"A pardon will not work... this case will run to its final outcome," he said.

Mr Dos Santos was the second of the former president's children to be dismissed by Mr Lourenço.

His sister Isabel was removed as head of the state oil company Sonangol last year.

Billionaire Ms Dos Santos is Africa's richest woman; it is not known how much her brother is worth. Many of the former president's children have government-linked roles.

Mr Dos Santos stepped down after 38 years in power last year. Mr Lourenço, also known as JLo, succeeded him with a promise of cracking down on corruption.

He has also developed a reputation for pushing aside powerful figures associated with his predecessor.

Angola is Africa's second-biggest oil producer.

2 comments

  • Comment Link http://www.linkagogo.com/go/To?url=107862070 http://www.linkagogo.com/go/To?url=107862070 Thursday, 19 April 2018 11:50

    I really enjoy the article post.Really thank you! Really Great.

  • Comment Link eebest8 michael eebest8 michael Monday, 16 April 2018 21:52

    "Hi there just wanted to give you a quick heads up. The text in your content seem to be running off the screen in Firefox. I’m not sure if this is a format issue or something to do with internet browser compatibility but I thought I’d post to let you know. The design look great though! Hope you get the problem solved soon. Many thanks"

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Agnes Mizere amizere Agnes Mizere

RT @Chinsisikaren: Already shopping for my Chitenje.Have you got yours yet? @CapitalFMMw #pepmalawi https://t.co/UhFGMwtr21

1 hour ago Reply Retweet Favorite
Dannie Grant Phiri Daniso Dannie Grant Phiri

@amizere @NationOnlineMw @CapitalFMMw @zodiakonline https://t.co/ZqvDXuUZ99

1 hour, 19 minutes ago Reply Retweet Favorite
Brennan Kwilasya Brenkwi Brennan Kwilasya

RT @5050campaignmw: We are at Mt. Soche in Blantyre for a debate ahead of the official launch of the 50:50 Campaign. Tune in on Zodiak from…

2 hours, 25 minutes ago Reply Retweet Favorite
Agnes Mizere amizere Agnes Mizere

When is the Deadline for Sim card registeration for existing mobile phone accounts? Do visting Foreigners also have… https://t.co/YDJJASaHoS

3 hours, 37 minutes ago Reply Retweet Favorite
Dango chiumia ChiumiaDango Dango chiumia

RT @5050campaignmw: We are at Mt. Soche in Blantyre for a debate ahead of the official launch of the 50:50 Campaign. Tune in on Zodiak from…

7 hours, 31 minutes ago Reply Retweet Favorite

Find Us on Facebook