The son of Angola‘s former President Jose Eduardo dos Santos has been charged with fraud over an alleged illegal transfer of $500-million while he was in charge of the country’s sovereign wealth fund, prosecutors said.
Jose Filomeno dos Santos is accused of “fraud, misappropriation of funds, money laundering and associating with criminals,” deputy chief prosecutor Luis Benza Zanga told a media conference on Monday.
Former Central Bank Governor Valter Filipe da Silva was charged alongside Filomeno dos Santos, Zenga added.
The suspect transfer was made from the fund’s account with the central bank to a London branch of Credit Suisse, but the money was later returned to Angola.
A judge ordered that the two accused be released on bail and forced to surrender their passports.
“There is no leeway for this crime, even if the money has been returned to our country. We’ll see this inquiry through – there will be no excuses,” said Zenga.
Investigators this month opened an inquiry into suspected misappropriation of funds during her time at the helm of Sonangol. Thought to be Africa’s richest woman, she has denied all of the allegations against her.