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Angola Jails Former Central Bank Officials for Fraud, RNA Says

Aug. 2 (Bloomberg) -- 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

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