Posted inAfrica / Corruption / News

Angola Arrests Ex-President’s Son Over $500 Million Transfer

Angola’s state prosecutor arrested the son of former President Jose Eduardo dos Santos over the alleged illegal transfer of $500 million from state coffers to an HSBC Holdings Plc account in the U.K. Angola, Africa’s second-biggest oil producer, is placed 14th-from-bottom in Berlin-based advocacy group Transparency International’s annual Corruption Perceptions Index.

— source bloomberg.com | Sep 25, 2018

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