Angolan Billionaire’s £580-Million Assets Frozen

Isabel dos Santos, described as Africa's richest woman and the daughter of a former president, has lost a High Court battle to prevent her assets from being frozen, reported Sean Seddon for BBC News.

Critics of Dos Santos have long alleged that she used her influence in Angola to enrich herself at the expense of the state — allegations she has strongly refuted. I Photo: Nuno Coimbra Wikimedia Commons

Dos Santos is being sued by telecoms firm Unitel, seeking damages of $733 million (£580 million) arising from financial decisions made by Dos Santos during her time as a director of the firm.

Dos Santos claims the case is a political vendetta, stating at the time that the claim was "based on fake documents and false information, it is a coordinated political attack in coordination with the 'Angolan government.'"

Critics of Dos Santos have long alleged that she used her influence in Angola to enrich herself at the expense of the state — allegations she has strongly refuted.

Leaked documents reported by the BBC suggest she made her fortune through corruption and exploiting resources in Angola during her involvement with some of the country's largest companies.

Her father, José Eduardo dos Santos, ruled the southwestern African country for 38 years until he stepped down in 2017, before passing away last year.

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