Angola: Police, military presence as locals struggle to survive during emergency
File photo: Lusa
Angola’s former president, José Eduardo dos Santos, on Tuesday confirmed that he gave guidance to the former governor of the National Bank of Angola (BNA) regarding a transfer of $500 million, ensuring that everything was done in the public interest.
The confirmation of the former Angolan president was given in a letter through which José Eduardo dos Santos replied to the Supreme Court where the trial of the so-called “500 million” case is taking place.
The request to hear José Eduardo dos Santos was requested by the defence of the accused, Valter Filipe, former governor of BNA, who is being tried with the co-defendants José Filomeno dos Santos, son of José Eduardo dos Santos and former president of the Sovereign Fund of Angola, businessman Jorge Gaudens Sebastião and the director of the BNA’s reserve management department, António Samalia Bule Manuel.
The basis of this case is the alleged undue transfer of $500 million from the Angolan state to a bank abroad, resulting from a proposal presented in 2017 by the defendant Jorge Gaudens Sebastião to the Angolan state to create a strategic investment fund for the country, which would raise $30 billion, for the promotion of structuring projects.Source: Lusa
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