Son of former Angolan president found guilty in $500m corruption case
to five years in prison over a $500m corruption case, the Portuguese news agency Lusa reports.dos Santos, the former head of Angola's $5bn sovereign wealth fund, was found guilty, along with three other defendants, of transferring the money to a Credit Suisse account in London.
His trial has been the most high profile case to date under the anti-corruption drive of President Joao Lourenco, who took the helm after dos Santos stepped down in 2017 after a near four-decade grip of power in Africa's second-biggest oil exporter. Judge Joao Pitra found Dos Santos guilty of fraud, embezzlement and influence trafficking, Lusa said. Valter Filipe, former governor of the National Bank of Angola, was sentenced to eight years in the case.
António Samalia Bule, former director of Banco Nacional de Angola, and Jorge Gaudens Sebastião, a businessman and a friend of Dos Santos jnr, got five years and six years respectively.Former president Dos Santos appointed close allies and kin to key positions but his successor, also a member of the ruling People’s Movement for the Liberation of Angola party, has rooted out some of his loyalists and initiated anti-corruption trials against senior members of the former regime.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Free State farmer convicted for tampering with Eskom electricity meterA Free State farmer has been sentenced to five years' imprisonment for interfering with an Eskom electricity meter allocated to his farm.
Read more »
Mthwalume murders: victims' families live in fearThe families of the five victims are horrified by what the women may have endured.
Read more »
Chiefs storm back from 2-0 down against Polokwane to stretch lead in title racePressure is back on second-placed Mamelodi Sundowns‚ who have one game in hand and take on Cape Town City‚ on Monday where they will be looking to reduce the deficit again. BraMahlatse
Read more »
Chiefs storm back from 2-0 down against Polokwane to stretch lead in title raceGosh‚ Kaizer Chiefs have a propensity for doing things the hard way.
Read more »
Police Minister Bheki Cele visits Mthwalume in wake of serial murdersInvestigators assigned to probe the killings of five women in the Mthwalume area in the South Coast of Kwa-Zulu Natal have covered much ground according to Police Minister, General Bheki Cele.
Read more »
Cele: 2 suspects arrested and charged after women’s bodies found in uMthwalumeThe bodies of five women have been discovered in the KwaZulu-Natal south coast community over the past six months.
Read more »