The Portuguese authorities have frozen the overseas accounts of Isabel dos Santos, granting the request of the Angolan government, a number of media outlets, including Expresso, a newspaper, have reported.
This is the latest part of a saga in which the government is seeking to bring the billionaire daughter of ex-president Jose Eduardo dos Santos, the retired southern African country’s long-time ruler, to book for alleged corruption and pillaging of public funds.
Isabel was head of the state-owned oil firm, SONANGOL, a position she was controversially handed by her father. President Joao Lourenco fired Isabela months after he took office in 2017. Ms dos Santos built up a vast business empire over the past two decades, with stakes in several Angolan and Portuguese companies. Her fortune is valued at $2.1 billion by Forbes magazine, which named her Africa’s richest woman in 2013.
Local accounts of Ms dos Santos were frozen by a court in late 2019 before an exposé into corruption files linked to her wealth were released last month. She has repeatedly rubbished the reports and stressed that she had earned all her wealth legally. And also she rebutted with accusations of political witch-hunting. She is on record to have said that she would consider running for the presidency when next polls are held.
Luanda has slapped charges of embezzlement and financial misappropriation against the 46-year-old tycoon who has been living outside the country for the better part of the time that her father left office.
President Lourenco last Friday told visiting German Chancellor Angela Merkel that his reformist government was working to recover funds stolen from public coffers which are stashed abroad. “With the support of everyone, civil society and specialised international institutions, we are implementing initiatives to combat money laundering, as well as to recover assets that have been set up with public resources… (or) been illegally transferred… outside the country,” President Lourenco said.
He said his government was determined to fight corruption in the graft-tainted oil-rich country. “We are deepening the foundations of the rule of law, where there is no impunity for acts of corruption and for practices of nepotism and influence peddling,” he said in an address during Merkel’s one-day visit to the country.
Isabela’s brother Jose Filomeno is also facing corruption charges over his time at the head of the national sovereign fund.
Credit: africanews.com
