Angola’s Supreme Court has ordered the seizure of assets held by Isabel dos Santos, the daughter of the former president
The court document, dated Dec. 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 entire assets to be seized are reportedly worth around $1 billion.
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.
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A total of 70% of her shares in Mozambique’s telecom MStar and Upstar Comunicacoes should be seized too.
Dos Santos has faced corruption accusations for years and in 2019, Angola’s Supreme Court ordered the seizure of her assets for allegedly steering state funds to companies in which she held stakes during her father’s presidency, including oil giant Sonangol.
Interpol had also released a red notice on her to have her located provisionally arrested by law enforcement worldwide.
