By Stephen Eisenhammer LUANDA (Reuters) – Angola’s sovereign wealth fund has applied to a UK court to order banks to reveal information, another move in its dispute with its former boss, the son of long-serving ex-leader Jose Eduardo dos Santos, and the asset managers hired under him. President Joao Lourenco, who took over when dos…
BY AFP The son of Angola’s former president Jose Eduardo dos Santos planned to siphon off $1.5 billion when he ran the oil-rich country’s sovereign wealth fund, the finance ministry said Monday. The figure is three times higher than an initial sum illegally transferred to a London bank. Jose Filomeno dos Santos is accused of…
By Henrique Almeida and Candido Mendes Angolan President Joao Lourenco dismissed the son of his predecessor Jose Eduardo dos Santos as chairman of the country’s $5 billion sovereign wealth fund, further loosening the grip of the Dos Santos family on key areas of state. Lourenco fired Jose Filomeno dos Santos and the entire board of…