The son of Angola’s former president, Jose Eduardo dos Santos, planned to siphon off $1.5-billion when he ran the oil-rich country’s sovereign wealth fund, the finance ministry said.
Jose Filomeno dos Santos (nicknamed “Zenu”) is accused of “fraud, misappropriation of funds, money laundering and associating with criminals”.
The $1.5-billion figure is three times the sum he was initially accused of illegally transferring to a British bank.
The finance ministry said that Filomeno dos Santos disguised the transfer as a project aimed at attracting investment in Angola with the help of a fake guarantee from Credit Suisse.
The Swiss bank told AFP news agency that “documents had been forged” and that it had not received “any money relating to this case.”
The finance ministry said $500-million had been transferred to a London bank and that Angola was supposed to make two more such payments.
The first transfer was blocked by UK authorities who suspected foul play.
Former central bank governor Valter Filipe da Silva, who has been charged alongside Filomeno dos Santos, has promised to “cooperate” with the authorities.