Jose Filomeno dos Santos
Photo credit: Jose Filomeno dos Santos, the son of the former president
Photo source: Osvaldo Silva
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Angola’s ex-president’s son, Jose Filomeno dos Santos has been accused of fraud case when he was looking after the national sovereign wealth fund. Angola’s supreme court has sentenced him to 5 years jail. He is 42 years old. He was summoned in December that he tried to embezzle  $1.5 bn from the sovereign wealth fund, which he oversaw from 2013 to 2018..

According to sources he stole  $500m from the fund and transferred it to a Swiss bank account. Judge Joao da Cruz Pitra said on Friday that for fraud and embezzlement law, has decided to sentence him to a single sentence of five years in prison. 

Data source: Al Jazeera

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