Son of Angolan Ex-President Bags Jail Term For Gross Embezzlement

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A five years jail term have been slammed on Jose Filomeno dos Santos, the son of the former president who ruled Angola for 38 years on Friday for a multi-billion dollar embezzlement scheme attempting to transfer to $1.5 billion into a private Swiss bank account from the sovereign wealth fund – which he oversaw for 5 years from 2013.

This was as disclosed by the nation’s Supreme Court in Luanda adding that three of his co-defendants included the former governor of the national bank of Angola (BNA) Valter Filipe da Silva, who received sentences of 3-6 years for similar crimes of fraud, embezzlement and influence peddling.

Zenu, as he is known, is the first to be persecuted from this presidential family as part of an anti-graft campaign led by current President João Lourenço – who came to power in 2017.

“A second family member might follow suit as in February, Angolan investigators froze the assets of Zenu’s billionaire half-sister, Isabel dos Santos, as she is being probed for a lengthy list of crimes namely mismanagement, embezzlement and money laundering during her stewardship of the state-run oil giant Sonangol, ” media reports confirmed.

Photo Source: Africarivista