Angola’s Supreme Court has ordered the “preventive” seizure of assets worth about $1bn held by Isabel dos Santos, the daughter of the country’s former president, Portugal’s Lusa news agency said on Tuesday. The court document cited by Lusa, dated December 19, said authorities had evidence of alleged embezzlement and money laundering and ordered the seizure of the money dos Santos holds in “all banking institutions”. The seizure also includes all of dos Santos’s shares in Angolan company Embalvidro, as well as 100% of shares in Cape Verde’s telecom company Unitel T+ and Unitel STP in Sao Tome e Principe, according to Lusa. The order comes after global police agency Interpol issued a red notice for dos Santos last month, asking global law enforcement authorities to locate and provisionally arrest her.
SOURCE: BUSINESS DAY LIVE
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