Angola Charges Son of Ex-President with Defrauding US$500 Million from Sovereign Wealth Fund

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Friday, April 6, 2018

Author:

Bruce Zagaris

Volume:

34

Issue:

4

Abstract:

On March 27, 2018, the Angola Attorney General’s office accused Jose Filomeno dos Santos (known as Zenú), the son of Angola’s ex-president, of trying to defraud US $500 million from the country’s sovereign wealth fund (Fundo Soberano De Angola or FSDEA). The Attorney General also charged Valter Filipe, the former governor of the National bank of Angola, with the fraud.