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Angolan Top Court To Seize Isabel Dos Santos Assets Worth Millions Of Dollars

The Supreme Court of Angola this Tuesday ordered the precautionary seizure of the assets of Isabel dos Santos, daughter of former president Eduardo dos Santos, who died in July this year.

This is Isabel dos Santos’ second confiscation of assets in Angola since 2019.

Isabel Dos Santos

The court order includes 100 percent of the shares in Embalvidro, of which the defendant is the beneficial owner, and the balances of all bank accounts held or jointly held by the daughter of the former Angolan President.

Isabel dos Santos’ shares are also included in the mobile networks of Mozambique, Cape Verde, and São Tomé, and Príncipe.

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This includes 70% of the shares of the Mozambican telecommunications company MSTAR, whose beneficial owner is Isabel dos Santos, as well as 100% of UNITEL T+ in Cape Verde and UNITEL STP in São Tomé and Príncipe.

Angolan Top Court To Seize Isabel Dos Santos Assets Worth Millions Of Dollars

According to the Supreme Court, the businesswoman has already caused more than €1 billion in damages to the Angolan State “in other criminal actions” with evidence of “embezzlement, influence peddling, economic involvement in companies and money laundering”.

The decision of the Angolan Supreme Court was based on documents from the state-owned oil company Sonangol and mobile phone operator Unitel, as well as information from Portuguese and Dutch authorities.

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