Economy

Lisbon freezes bank accounts of the former first daughter of Angola

Lisbon freezes bank accounts of the former first daughter of Angola”

Portugal, in a sensational show of action, has ordered a freeze on bank accounts held in the country by Angola's billionaire former first daughter Isabel dos Santos, as the fraud case against her catches steam.

The measure is part of the seizure of the assets of the businesswoman, who is accused of having defrauded the Angolan state of more than one billion euros.

She's the subject of a criminal investigation into misappropriation of funds when she was chief executive of Angola's state-owned oil company Sonangol.

In August 2018, the Attorney General's Office (PGR) reaffirmed having notified Isabel dos Santos to provide clarifications on her management, while chairperson of the Board of Directors of Sonangol, a company that in the same year collected revenues estimated at 17.7 billion dollars.

She has denied the "unfounded accusations and false claims, quot; and said she has taken steps "to act legally, quot; against the media that published them".

Worldwide media outlets published an inquiry dubbed "Luanda Leaks" on 19 January claiming that Dos Santos fraudulently accumulated fortune estimated at $2.1 billion (€1.9 billion). She is battling allegations of corruption and nepotism following the publication of Luanda Leaks, an investigation led by the International Consortium of Investigative Journalists.

"We confirm that the public prosecution service requested the seizure of bank accounts, as part of the request for worldwide judicial cooperation from the Angolan authorities", the Portuguese prosecutor's office told news agency Lusa.



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