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Angola’s Isabel dos Santos loses fight against freezing order over assets

Angola’s Isabel dos Santos loses fight against freezing order over assets

ANGOLAN billionaire Isabel dos Santos lost her fight against an application in London's High Court to freeze up to 580 million pounds ($735 million) of her assets. Dos Santos – Africa's first female billionaire, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017 – has faced corruption accusations in the southern African country for years. She denies the allegations and says she is the target of a long-running political vendetta. Dos Santos is being sued by Angolan telecoms operator Unitel, which asked the High Court to grant a worldwide freezing order over her assets at a hearing last…
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Angola’s Isabel dos Santos fights bid to freeze $736 mln in assets

Angola’s Isabel dos Santos fights bid to freeze $736 mln in assets

ANGOLAN billionaire Isabel dos Santos is fighting an application to freeze up to 580 million pounds ($736 million) of her assets, telling London's High Court that she is the victim of a "campaign of oppression" by Angola. Dos Santos – Africa's first female billionaire, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017 – has faced corruption accusations in Angola for years. She denies the allegations and says she is the target of a long-running political vendetta, which has seen her assets frozen or seized in Angola and Portugal. Angolan telecoms operator Unitel is suing dos…
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Autopsy indicates Angola ex-leader died of natural causes, Spanish court orders more testing

Autopsy indicates Angola ex-leader died of natural causes, Spanish court orders more testing

PRELIMINARY autopsy results show the death of Angola's former president Jose Eduardo dos Santos was due to natural causes, a Spanish court said on Monday while ordering further examination. Dos Santos died two weeks ago in Barcelona at the age of 79. The court also decided to delay the handover of his body to his family, a court spokeswoman said on Monday. "Despite the fact that the provisional autopsy report indicates that Mr. dos Santos' death was natural, the court has decided to order complementary testing to that usually done in an autopsy, given that a complaint about possible threats…
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Angola’s beleaguered dos Santos steps down from Unitel

Angola’s beleaguered dos Santos steps down from Unitel

CATARINA DEMONY ANGOLAN billionaire Isabel dos Santos will leave her job in the administration of telecoms operator Unitel amid ongoing tensions between board members, Portugal's news agency Lusa reported on Tuesday. "After 20 years dedicated to the creation, development and success of Unitel, I chose to leave the position of member of the company's board of directors," dos Santos, who holds a 25% stake in Unitel, said in a statement cited by Lusa. Dos Santos' decision to leave her position at Unitel, which dominates Angola's telecoms market, is related to a "climate of permanent conflict" among the company's board of…
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Angola takes assets from two generals close to former president

Angola takes assets from two generals close to former president

ANGOLAN prosecutors have taken control of assets ranging from factories to residences belonging to two close allies of former President Jose Eduardo dos Santos, state news agency ANGOP said, in the latest move in a crackdown on alleged corruption. Manuel "Kopelipa" Helder Vieira Dias Jr ANGOP said that Manuel "Kopelipa" Helder Vieira Dias Jr, once head of the presidency's military bureau, and Leopoldino Fragoso do Nascimento, a retired general and businessman known as General Dino, had handed over the assets voluntarily. Reuters was not able to reach Vieira Dias Jr for comment. Do Nascimento did not immediately respond to a…
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Congolese husband of Angola’s Isabel dos Santos dies in diving accident -colleague, relatives

Congolese husband of Angola’s Isabel dos Santos dies in diving accident -colleague, relatives

SINDIKA Dokolo, the Congolese businessman and art collector husband of Angolan billionaire Isabel dos Santos, has died in a diving accident in Dubai, a colleague and two family members said on Friday. They said the exact cause of the 48-year-old's death on Thursday was not clear. Dokolo and dos Santos, the daughter of Jose Eduardo dos Santos who ruled Angola for 38 years until 2017, faced corruption charges, including allegations that they steered $1 billion in state funds to companies in which they held stakes during her father's presidency. Dokolo and Isabel dos Santos have both denied wrongdoing. Angolan authorities…
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Dos Santos back in Angola after 30-month exile

Dos Santos back in Angola after 30-month exile

ANGOLA’S former President Jose Eduardo Dos Santos has returned home for the first time since he went into exile in Barcelona in April 2019, the official Angola Press News Agency has reported. Dos Santos stepped down four years ago after nearly four decades as president of Africa's second-biggest oil producer, making him one of the continent's longest-running rulers. He was replaced by Joao Lourenco, a candidate for the incumbent's People's Movement for the Liberation of Angola (MPLA). But Lourenco then surprised many by swiftly moving to investigate allegations of corruption during the Dos Santos era, targeting the former leader's children…
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Angola moves to seize Dos Santos-linked asset

Angola moves to seize Dos Santos-linked asset

NOAH BROWNING ANGOLA has asked a Dutch court to hand over a half-billion-dollar stake in the Portuguese oil company Galp linked to ex-first daughter Isabel Dos Santos, its lawyers told Reuters. Angola's government says top officials under former president Jose Eduardo dos Santos took advantage of high oil prices in the last decade to spin a global web of business deals that led to their personal enrichment at the country's expense. Battered by COVID-19 economic fallout and mired in foreign debt, Angola is seeking to recover assets it says were siphoned off. Its prime focus is Isabel dos Santos, the…
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