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Angola Business Tycoon Isabel Dos Santos' Assets Frozen again in Corruption Case


Isabel dos Santos, an Angolan billionaire and the daughter of a former Angolan president, lost a legal battle in London's high court to prevent the freezing of about $734 million (£580m) of her assets.

Unitel, an Angolan telecom giant, claims Dos Santos used company funds for personal gain while serving as director, leaving millions in unpaid loans. Dos Santos vehemently denies the accusations, calling it a political vendetta fueled by Angola's current president.

Despite frozen assets in other countries, the court deemed an additional freeze necessary, requiring further asset disclosure from Dos Santos by January, 2024.

Isabel dos Santos has been facing numerous allegations of corruption and corruption related charges over the years since her father and his government left office in Angola.

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