The businessman was charged with aggravated fraud and the lodging of about $6.12 billion.
Alvaro Sobrinho
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- Hot News
Angolan businessman Alvaro Sobrinho resolves to pay deposit of $6.64 million with four properties
Sobrinho has been accused of stealing more than €350 million ($387 million) from BES Angola (now Banco Economico).
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Aside from the $6.64-million bond, Sobrinho was subjected to a number of coercive measures.
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Angolan businessman Alvaro Sobrinho under investigation for allegedly embezzling $387 million
In 2015, Sobrinho was linked to a $5.7-billion fraudulent loan scheme.