Angolan ex-president’s son denies $500mn embezzlement

Angolan ex-president’s son denies $500mn embezzlement

Lawyers for the son of Angola’s former president Jose Eduardo dos Santos have denied that he tried to steal $500 million (450 million euros) from the sovereign wealth fund he oversaw, during the second day of his corruption trial in Luanda on Tuesday.

Jose Filomeno dos Santos, 41, also known as “Zenu”, is accused of embezzling as much as $1.5 billion from Angola’s sovereign wealth fund during his 2013-2018 stewardship.

Zenu’s lawyer Antonio Gentil Simao responded to claims of an illegal $500 million transfer to a foreign bank account that his client was “never in on decisions regarding the process” that led to the transfer.

Continue reading Angolan ex-president’s son denies $500mn embezzlement at Vanguard News.

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