Angola shows way on corruption: sends ex-president’s son to jail for fraud. Wall Street Journal

Three years ago, officials at the central bank of Angola sent $500m to a bank account in Switzerland. Since then, the son of Angola's former president, José Eduardo dos Santos, has been charged with embezzling money during his time as head of the Sovereign Wealth Fund. According to the reports in the Wall Street Journal, Dos Santos and his cronies planned to siphon fees and cash from the central bank while pretending to set up a $35bn investment fund. President João Lourenço has led an aggressive anti-corruption campaign since he took over, and it seems as though Isabel dos Santos could be the next member of the former presidential family clapped in irons. – Claire Badenhorst 

Son of former Angolan president convicted in $500 million fraud

By Gabriele Steinhauser*

Angola's Supreme Court convicted the son of the former president and the former governor of the central bank of embezzling $500m from the country's central bank in 2017.

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