Missing $500 million returned to Angolan central bank

Finance ministry attempts to set the record straight over alleged fraud

angola-web

Angola’s finance ministry has confirmed the $500 million transferred to a London-based bank in an alleged fraud has been returned to the National Bank of Angola (BNA).

In a statement published on April 9, the ministry attempted to set the record straight regarding the illegal transfer of funds, following wide media coverage.

In January 2017, José Filomeno dos Santos, the son of Angola’s former president, José Eduardo dos Santos, was formally accused of channelling $500 million from an account

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.