Angolan Court orders seizure of assets, bank accounts of billionaire daughter of ex-President

Ms Dos Santos is the “richest woman in Africa”

Ms Dos Santos, dubbed “Africa richest woman” is in trouble with the government of Angola. The Angolan Court has order the seizure of her assets and all bank accounts.

Ms Dos Santos is the daughter of Angola’s longest ruler. She was appointed by her father, José Eduardo dos Santos who rule Angola from 1979 to 2017 before stepping aside in the 2018 elections; as chairwoman of Sonangol, the Angolan state oil company June 2016 and has since made a lot of wealth to herself amidst numerous corruption allegations.

Her father’s handpicked successor, President Lourenco, known as JLo, who promised to tackle corruption sacked her in 2017. Mr. Lourenco is pressing to overcome the influence of his predecessor.

José Filomeno Dos Santos, his brother is also on trial in Angola on charges of corruption

The Angolan Government which is seeking to recover $1bn (£760m) it claimed is owed by Isabel dos Santos and her associates has since 2018 been trying to prosecute Isabel dos Santos for past corruption crimes that may have led to Angola’s ongoing recession crisis. However, she remains in exile in Portugal.

Forbes, which in 2013 ranked Isabel as the riches woman in Africa with a net worth exceeded US$2 billion making, suggested that Ms Santos’ wealth comes almost entirely from her family’s power and connections.

Also in trouble is her husband Sindika Dokolo, faced with similar allegations..

Reacting to the decision of the court, Ms. Dos Santos contested that the ordered was “politically motivated”. She also criticized the court case being held in secrecy.

“I discovered that a trial had been held in total secrecy in Angola and the decision taken to issue a freezing order on my assets. There were no lawyers from my side present, nor the directors of my companies. We were only informed about it after the decision had been taken behind our backs. She told the BBC in a statement.

The judgment contains statements which are completely untrue,”  “It would have been easy to dismantle them in an open court.

I have spent the last 24 hours trying to give assurances to my staff and all the families affected by this order that we must not give in. I will use all the instruments of Angolan and international law at my disposal to fight this order and ensure the truth comes out.

It also emerged that attempts by Ms. Dos Santos to transfer some of her businesses to Russia was allegedly blocked by Portuguese police.

The court order for  will affect Ms. dos Santos, Mr. Dokolo and Mr. da Silva in Angola and stakes they hold in Angolan firms including Unitel, Banco de Fomento Angola, ZAP MIDIA among others.