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Angola Court Orders Seizure Of $1 Billion In Assets Of Daughter Of Ex-president dos Santos

Angola Court Orders Seizure Of $1 Billion In Assets Of Daughter Of Ex-president dos Santos

The Angola Supreme Court (ASC) has issued an order to seize $1 billion in assets belonging to Isabel dos Santos, the daughter of Angola’s late former President Jose Eduardo dos Santos.

The Public Ministry requested the seizure, citing evidence of embezzlement, influence peddling, economic involvement in business, and money laundering, according to Billionaires Africa.

The order also includes the freezing of 70 per cent of the shares in the Mozambican telecom company Mstar, of which dos Santos is the primary beneficiary, as well as the seizure of 70 per cent of her shares in Upstar Comunicação.

In January 2021, Dos Santos’ bank accounts and assets were seized in Angola, Portugal, and the Netherlands.

The recent move by the ASC follows the issuance of a red notice by the International Criminal Police Organization (Interpol) to dos Santos.

  1. Former Angolan President José Eduardo Dos Santos Dies At 79
  2. Mnangagwa Off To Angola For Dos Santos Funeral
  3. Banker Of Corruption-Accused Richest Woman In Africa, Isabel Dos Santos, Found Dead In Lisbon

The Angolan government, led by President Joao Lourenco, previously seized shares in Unitel S.A., the country’s leading mobile telecommunications company, from the billionaire businesswoman and one of her deceased father’s associates, Leopoldino Fragoso do Nascimento.

Despite the legal challenges facing dos Santos, it remains to be seen how much of her $1 billion worth of assets will actually be seized by the ASC. The legal process can be lengthy, and it is possible that some of her assets may be protected by international laws or treaties.

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8 Comments

#loot 1 month ago

Ill-gotten, easily get ridden of.


Mr Green 🍏 1 month ago

easy come easy go!
watch this space tagwas


g 1 month ago

mamwe ma assets acho akatomavharira anotorwa ndoo anozikanwa chete. haafe akatambura muhupenyu uyo


1 month ago

unogoti haafe akatambura iye akatofa kudhara woda kut afe kangani

Tintin 1 month ago

the father is the one dead...the daughter is still alive.dzokororai nyaya baba

1 month ago

Torayi zvese A wake up call to all you guys who are using their off-springs to amass wealth No wonder why America sometimes sanctions sons and daughters of these corrupt leaders Misodzi yevanhu vanochema nemi haiendi yoga😭😭😭😭


ZimCitizen 1 month ago

Ndo zvatichaita Manyengavana sons & daughters


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ggggg 1 month ago

uyo anopenga uyo akafa rini isabel wapotswa nechirungu her banker is the one who is dead



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