Angola Freezes Billionaire Isabel Dos Santos' Assets In An Anti Corruption Drive

The Angolan government has frozen former president Eduardo dos Santos daughter’s Isabel’s assets in a bid to recover $1 Billion which Isabel and her friends owe the government, Corporate Edge reports.

According to the publication:

…the court ordered the freezing of bank accounts in Angola, dos Santos’ stake in telecoms firm Unitel and bank Fomento de Angola (BFA), among other assets.

Angola is probing allegations made by her successor at Sonangol that dos Santos authorised offshore payments days after she was dismissed from Sonangol.

However, Isabel has denied any wrongdoing in this tweet:

I would like to leave a message of tranquility and confidence to my teams. We will continue, every day, in every business, doing our best and fighting for what I believe in for Angola. The road is long, the truth will prevail. United we stand stronger

Isabel is one of Africa’s richest women according to Forbes.

More: Corporate Edge