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situation report

Mar 26, 2018 | 16:36 GMT

1 min read

Angola: Former President’s Son Charged With Fraud

Former Angolan president Jose Eduardo dos Santos’ son Jose Filomeno dos Santos was charged with fraud relating to a $500 million transaction out of Angola's central bank’s account, Reuters reported March 26. The central bank’s former governor, Valter Filipe da Silva, was also charged with fraud related to this transaction. The former Angolan president’s daughter, Isabel dos Santos, is also being investigated for irregular financial transfers worth $38 billion. Since current President Joao Lourenco has assumed office, he has taken measures to remove the former president's family members from positions of power.  

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