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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / Angola Sentences Ex-president's Son To Five-year Jail For Fraud (383 Views)
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Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Originality007: 1:20pm On Aug 15, 2020 |
Angola sentences ex-president's son to five-year jail for fraud Jose Filomeno dos Santos was accused of embezzling $1.5bn from national sovereign wealth fund he oversaw for five years. Angola's Supreme Court has 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. 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. Nicknamed "Zenu", dos Santos, son of ex-President Jose Eduardo 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. All four were acquitted of money laundering charges. They have previously denied any wrongdoing. Zenu is the first member of the former presidential family to be prosecuted as part of an anti-corruption campaign led by President Joao Lourenco, who came to power in 2017. In February, Angolan investigators froze the assets of Zenu's billionaire half-sister, Isabel dos Santos. 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. Lourenco has mainly targeted the family members of his predecessor, who appointed relatives and friends to key positions during his 38-year rule - leaving a legacy of poverty and nepotism. Isabel has vehemently denied the accusations against her and denounced Luanda's actions as a politically-motivated "witch-hunt". Only a small elite have benefitted from Angola's vast oil and mineral reserves. The southwest African country has been slow in recovering from a 1975-2002 civil war. Large pockets of the population live in poverty with limited access to basic services. https://www.aljazeera.com/news/2020/08/angola-sentences-president-son-year-jail-fraud- 2 Likes 1 Share
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Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Commentor: 1:26pm On Aug 15, 2020 |
Very good. In Nigeria, the citizens would kill themselves over Patience Jonathan. Tueh. |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by spy24(m): 1:29pm On Aug 15, 2020 |
and tinubu |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by spy24(m): 1:29pm On Aug 15, 2020 |
Commentor:and tinubu |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Commentor: 1:35pm On Aug 15, 2020 |
spy24: And Peter Obi. |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Nobody: 1:36pm On Aug 15, 2020 |
That's good remain that ex president daughter that claim she's the richest black woman 1 Like 1 Share |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Kriss216: 1:37pm On Aug 15, 2020 |
Commentor:And Ambode. |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Commentor: 1:39pm On Aug 15, 2020 |
Kriss216: And Abaribe. |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by nakaman: 1:48pm On Aug 15, 2020 |
your status doesn't affect your profile in a sane country 1 Like |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by spy24(m): 2:05pm On Aug 15, 2020 |
Commentor:and Osinbanjo |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Commentor: 2:08pm On Aug 15, 2020 |
spy24: And Wike. |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Righteousness89(m): 2:12pm On Aug 15, 2020 |
Highly Commendable from an African Nation 1 Like |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by spy24(m): 2:13pm On Aug 15, 2020 |
Commentor:maybe but Remi tinubu nko |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by VirginFinder: 2:16pm On Aug 15, 2020 |
Dotherightthing: |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Originality007: 2:17pm On Aug 15, 2020 |
To me that 5yrs is too small, how can someone stole $1.5Billion and get 5yrs. Y not life imprisonment Even lalasticlala knows that this sentence is too small for this kind of crime 1 Like 1 Share |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Commentor: 2:20pm On Aug 15, 2020 |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Vyzz: 3:10pm On Aug 15, 2020 |
Commentor: My friend would u guys just shut up... You are derailing this wonderful thread... Lazy youth.. Bet u have nothing doing... No wonder your country is like this |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Commentor: 3:13pm On Aug 15, 2020 |
Vyzz: Oga find me work na. |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by illicit(m): 3:49pm On Aug 15, 2020 |
So in their country 1 billion dollars equals to 1 year |
Re: Angola Sentences Ex-president's Son To Five-year Jail For Fraud by Unnerve: 5:59pm On Aug 15, 2020 |
Originality007:At least it's far better than Nigeria where someone can steal so much money and still contest an election. 3 Likes 1 Share |
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