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Economy

Angola arrests ex-president's son on $500 million transfer, fund

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Wednesday 26, September 2018

(Bloomberg)--Angola’s state prosecutor placed Jose Filomeno dos Santos, the son of former Angolan president Jose Eduardo dos Santos, under preventive detention, according to a statement by the prosecutor’s office on Monday.

Jose Filomeno is accused of taking part in the illegal transfer abroad of $500 million and for crimes related to his management of Angola’s sovereign wealth fund. Jose Filomeno’s friend and business partner, Jean Claude Bastos de Morais, also was arrested, the state prosecutor said. Both men are accused of crimes including corruption, money laundering and the misappropriation of funds.

The arrest of Jose Filomeno, who was previously untouchable, marks the first time the son of former President Dos Santos has been detained. Angolan President Joao Lourenco, who replaced Dos Santos at the helm of Africa’s second-biggest oil producer a year ago, has put fighting graft at the center of his policies.

Angolan authorities last week arrested former Transport Minister Augusto da Silva Tomas for embezzlement and the misappropriation of funds, state-owned Televisao Publica de Angola reported on 21 September, citing a statement from the state prosecutor.

Jose Filomeno’s lawyer, Benja Satula, was unreachable on his mobile phone.

TAGS : Angola, Jose Filomeno dos Santos, Jose Eduardo dos Santos, Jean Claude Bastos de Morais, illegal transfer

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