Angola Arrests Ex-President's Son Over $500 Million Transfer
- Jose Filomeno dos Santos was charged in March over transfer
- Move marks first time ex-president’s son is detained in Angola
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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.
Jose Filomeno dos Santos’ detention marks the latest step by President Joao Lourenco to tackle graft and dismantle the influence of his predecessor, whose four-decade rule left Angola one of the world’s most-corrupt nations. Since coming to power in September 2017, Lourenco has dismissed Dos Santos’ daughter Isabel as chairwoman of state oil producer Sonangol and fired Jose Filomeno as head of the country’s $5 billion sovereign wealth fund.