Breaking News

Kerry Says No Truce Accord for Gaza, Talks to Continue 
Tweet TWEET

Angola Sentences Former Central Bank Officials to Jail for Fraud, RNA Says

An Angolan court sentenced five former central bank officials to up to eight years in prison for stealing $5 million from the bank, Radio Nacional de Angola reported, citing Judge Januario Jose.

The officials will also be required to repay money taken and forfeit property, the Luanda-based broadcaster today cited Jose as saying.

The case is part of alleged fraud of about $160 million that was transferred to overseas accounts in 2009.

To contact the reporter on this story: Candido Mendes in Luanda at cmendes6@bloomberg.net

To contact the editor responsible for this story: Gordon Bell at gbell16@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.