Angola Resumes U.S.$500 Million Central Bank Theft Trial

Standing trial and accused of embezzlement, money laundering and fraud are the former president of the Angola Sovereign Fund, José Filomeno Sousa dos Santos "Zenu", the former governor of the National Bank of Angola, Valter Filipe, the former director of the BNA's Reserve Management Department, António Bule Manuel, and businessman Jorge Gaudens Sebastião. At the base of the lawsuit is an illegal transfer of U.S.$500 million from the central bank to an account at Crédit Suisse in London, England.

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