Angolan justice sentences José Filomeno dos Santos, the son of former President, Jose Eduardo dos Santos to five years in prison, today August 14, 2020 for fraud, money laundering and trading in influence.
The Angolan Supreme Court sentenced Jose Filomeno do Santos, former head of the country’s sovereign wealth fund, and three other defendants for crimes including embezzlement and influence-peddling, the Portuguese news agency Lusa reported.
Dos Santos in 2018 was prevented from leaving the oil-rich southern African nation. He was accused along with the former governor of the National Bank of Angola, Valter Filipe, over an “irregular” transfer of $500 million to a British bank.
Shortly after taking office, current President, Joao Lourenco removed dos Santos as the wealth fund’s chairman and fired dos Santos’ daughter — said to be Africa’s richest woman — as chair of the powerful state-owned oil company.
Lourenco, Angola’s former defense minister, also appointed a crop of new ministers to differentiate himself from his predecessor while vowing to tackle the corruption that has long hurt one of Africa’s largest oil producers.