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. 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. 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.
SOURCE: AL JAZEERA
More Stories
Joshua Baraka is Ugandan Music’s Next Big Thing
Design for Human Rights
A Landmark Exhibition Celebrating the Global Impact of Modern and Contemporary African Fashions
Seven Striking Images by Africa’s New Creative Wave
Broken Chord, Sadler’s Wells Review – Sublime Music for the Tale of a South African Choir
Kinshasa’s Street Artists Raise Issues about Globalisation and Economic Plunder
Africa’s Leading Tourist Attraction 2023 Nominees
Lagosians will Proudly Tell You there’s No Party like a Lagos Party
If You Are Looking to Set Up an Office Remotely, South Africa has It All
Luxury Places to Stay in Zanzibar for a Memorable Vacation on the Island
Accelerating and Scaling Priority Infrastructure Development in Africa
Case Studies: Strategising for a New Era of African Trade