Angolan ex-president’s son jailed five years for $500m fraud

Angola’s Supreme Court on Friday handed a five-year jail sentence to Jose Filomeno dos Santos, the son of the oil-rich country’s former president, for fraud when he headed the national sovereign wealth fund.

Nicknamed “Zenu”, dos Santos was charged with stealing $500m from the fund and transferring it to a Swiss bank account. Three co-defendants, including the former governor of the national bank of Angola Valter Filipe da Silva, were sentenced to between four and six years in prison for fraud, embezzlement and influence peddling.Zenu is the first member of the former presidential family to be prosecuted as part an anti-graft campaign led by President Joao Lourenco, who came to power in 2017.

She is being probed for a long list of crimes in Angola, including mismanagement, embezzlement and money laundering during her stewardship of the state-run oil giant Sonangol.

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