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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Angolan former president’s son bags five years in prison for $500 million fraud (259 Views)
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Angolan former president’s son bags five years in prison for $500 million fraud by Shehuyinka: 4:31pm On Aug 15, 2020 |
JOSE Filomeno dos Santos, son of former Angolan President has been sentenced to five years in prison over embezzlement when he was head of the oil-rich nation’s Sovereign Wealth Fund. The Angolan Supreme Court on Friday handed the sentence after he was found guilty of stealing up to $1.5 billion while managing the $5 billion fund between 2013 and 2018. The 42-year-old was charged with stealing $500 million from the fund and transferring it to a Swiss bank account. He is the first member of the former presidential family to be prosecuted as part of an anti-corruption campaign led by Angola’s current President, Joao Lourenço. The presiding judge, Joao da Cruz Pitra in his ruling said, Dos Santos who is also known as “Zenu” used his influence to perpetuate the crime. “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,” he said. There were three co-defendants involved in the case, who include the former governor of the national bank of Angola (BNA) Valter Filipe da Silva, who was also sentenced to between four and six years in prison for fraud, embezzlement and influence peddling. However, they were acquitted of money-laundering charges, a charge they had previously denied. In February, Angolan investigators froze the assets and bank accounts of Zenu’s billionaire half-sister Isabel dos Santos. READ MORE: https://www.icirnigeria.org/angolan-presidents-son-prison-500-million-fraud/
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Re: Angolan former president’s son bags five years in prison for $500 million fraud by Trimque2k1(m): 4:41pm On Aug 15, 2020 |
Shehuyinka:Buhari will still be shocked when confronted with this findings... I fear who nor fear Nigeria public service and their agents... |
Re: Angolan former president’s son bags five years in prison for $500 million fraud by Lordjiggs09(m): 4:43pm On Aug 15, 2020 |
Ok |
Re: Angolan former president’s son bags five years in prison for $500 million fraud by gmo10(m): 4:59pm On Aug 15, 2020 |
Good for him |
Re: Angolan former president’s son bags five years in prison for $500 million fraud by Artiiclebeast: 5:02pm On Aug 15, 2020 |
The Blackman is a special breed whose DNA still needs to be put under a microscope for years. It is even an insult to the ape families to compare us to them. There is something inherently wrong and shameful about us. It doesn't matter where the black man originates from or presently calls home, whenever you see am or witness him behavior you must shake head. #Blacklives matter #Monkeylivesmatters too. |
Re: Angolan former president’s son bags five years in prison for $500 million fraud by donbachi(m): 5:16pm On Aug 15, 2020 |
And abacha's son and other looters in nigeria are moving freely. |
Re: Angolan former president’s son bags five years in prison for $500 million fraud by Unnerve: 5:54pm On Aug 15, 2020 |
Lol, Angolans and their traditional Portuguese names. Such visible remnants of colonialism. |
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