| Submit your comments on this article |
| Africa Subsaharan |
| Angolan ex-president's son jailed five years for $500m fraud |
| 2020-08-15 |
| [PUNCHNG] 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. "I am Jose Filomeno dos Santos, son of former president of Angola." Dos Santos, 42, was summoned before court in December over allegations he tried to embezzle up to $1.5 billion (1.3 billion euros) from the sovereign wealth fund, which he oversaw from 2013 to 2018. "I saw your profile on the internet and feel you are honest person." Nicknamed "Zenu", dos Santos was charged with stealing $500m from the fund and transferring it to a Swiss bank account. "I am need assistance in transfer $500,000,000 (five hundred miliion) $USD from Swiss bank to your country." "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. "For your kind assistance I am offfer five (5) percent finder fee of twenty five million (25,000,000) $USD." 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. "My bona fides can be vouch for by former governor of the national bank of Angola (BNA) Valter Filipe da Silva." All four were acquitted of money-laundering charges. They had previously denied any wrongdoing. 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. In February, Angolan Sherlocks 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. |
| Posted by:Fred |
| #2 Jose Filomeno dos Santos mmet Hunter Biden. Hunder Biden, please meet Jose Filomeno dos Santos. You fellas decide who gets the bottom bunk. |
| Posted by: Besoeker 2020-08-15 03:42 |
| #1 Hail Zenu! Your Galactic Confederacy subjects await implanting. |
| Posted by: Groluse B. Hayes4837 2020-08-15 02:26 |