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Lisbon freezes bank accounts of Angola’s former first daughter

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Angolan businesswoman Isabel dos Santos was charged with money laundering and mismanagement during her stewardship of state-owned oil firm Sonangol [Miguel Riopa/AFP]

Isabel dos Santos has been accused of looting state resources worth billions of dollars.


Portugal has ordered a freeze on bank accounts held in the country by Angola‘s billionaire former first daughter Isabel dos Santos, who is accused of stealing state funds to build a colossal business empire.

“The public prosecutors have ordered a freeze on the bank accounts following a request by Angolan authorities,” a spokesman for Portuguese public prosecutors told AFP.


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International media outlets published an inquiry dubbed “Luanda Leaks” on January 19, claiming that dos Santos fraudulently accumulated a fortune estimated at $2.1 billion (1.9 billion euros).

She has denied the “unfounded allegations and false claims” and said she has taken steps “to act legally” against the outlets that published them.

Dos Santos, 46, has been living in Europe since Angolan President Joao Lourenco fired her as head of the state oil company Sonangol in 2017, soon after he took over from her father.

She has been indicted by Angolan prosecutors for a host of top-level financial crimes, including money laundering and forging documents.

Angola’s Attorney General Helder Pitta Gros visited Portugal, the southern African country’s former colonial ruler, in January to seek the help of Portuguese authorities in the case.

Dos Santos and her associates have huge stakes in several Portuguese firms as well as bank accounts in the country.

—— AUTO – GENERATED; Published (Halifax Canada Time AST) on: February 12, 2020 at 04:23PM

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