Saturday, April 27, 2024

Featured Video

Latest Stories

Top 10 Music

Upcoming Events

Zomba City Festival

Fri, 26 Apr 2024 10:00:00 UTC @ Botanic Garden - 2024 Zomba City Festival is schedulled to take place on 26 to 28 April at Botanic Garden in Zomba This is a festival for all ages in the historic mountain city of Zomba. Celebrate Cultu... More Info
Njuchi Day

Sat, 27 Apr 2024 10:00:00 UTC @ New Village House (Kampala Manase) - Elinationa And No Limit Presents Njuchi Day Music show with Njuchi Zitatu. The show will take place at New Village House in Manase on 27 April 2024 and it will have music performances b... More Info

Angolan court hands ex-president Dos Santos’ son five years for fraud

Angola’s top court on Friday sentenced the son of ex-president Jose Eduardo dos Santos to five years in prison for diverting oil revenues, making him the highest-profile figure in the former regime to face jail for graft.

Jose Filomeno dos Santos, 42, was summoned before the Supreme Court in December over allegations he tried to embezzle up to $1.5 billion (1.3 billion euros) from Angola’s sovereign wealth fund, which he oversaw from 2013 to 2018.

Nicknamed “Zenu”, dos Santos was charged with stealing $500 million 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,” Supreme Court judge Joao da Cruz Pitra said.

Three co-defendants, including the former governor of the national bank of Angola (BNA) Valter Filipe da Silva, were sentenced to between five and eight years in prison for fraud, embezzlement and influence peddling.

All four were acquitted of money-laundering charges. They had previously denied any wrongdoing.

Credit: AFP

Subscribe to our Youtube Channel:

Related Posts

Face of Malawi
Face of Malawihttps://www.faceofmalawi.com
For more Info: info@faceofmalawi.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular Articles