The former Angolan president’s son and a former central banker are suspected of using accounts at HSBC Holdings PLC and Standard Chartered PLC in an attempt to defraud the country’s central bank by transferring $500 million through these U.K.-based lenders, people familiar with the matter said.
The prosecutor’s office in Angola said the money was transferred from Angola’s central bank, allegedly to guarantee a $30 billion financing deal, according to a statement posted on the government website Wednesday.
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