United Kingdom  

'False allegations': Africa's richest woman clashes with Angolan authorities

Video Credit: Reuters Studio - Duration: 01:49s - Published
'False allegations': Africa's richest woman clashes with Angolan authorities

'False allegations': Africa's richest woman clashes with Angolan authorities

Angolan billionaire and former first daughter Isabel Dos Santos has decried a New Year's Eve court order to freeze her vast assets as a "witch hunt" engineered to weaken her father's influence and distract from economic failures.

Serena Chaudhry reports.

0
shares
ShareTweetSavePostSend
 

Angola's courts have not pursued the overseas assets of Isabel dos Santos, a prosecution spokesman has said in a move that could deescalate a row between authorities and the billionaire daughter of former president Jose Eduardo - after her domestic assets were seized at the end of last year.

But, the spokesman added, the courts won't hesitate to take such action if necessary.

Angola alleges Dos Santos and her husband steered payments of more than $1 billion from state oil company Sonangol and official diamond trading group Sodiam to companies where they held stakes.

(SOUNDBITE) (English) ANGOLAN BUSINESSWOMAN AND AFRICA'S RICHEST WOMAN, ISABEL DOS SANTOS, SAYING: "All the allegations are false." But Africa's richest woman, according to Forbes, says it is a "witch hunt" aimed at weakening her father's influence and distracting from failures under new President Joao Lourenco.

(SOUNDBITE) (English) ANGOLAN BUSINESSWOMAN AND AFRICA'S RICHEST WOMAN, ISABEL DOS SANTOS, SAYING: "There is a drive in Angola, within the political party, within the MPLA, to neutralize President Dos Santos' influence in Angolan political life.

And that really comes through conducting a campaign very much challenging his legacy.

Recently, his image was removed from the Angolan currency, from the banknotes.

So this is a very, very strong signal that is being put out there that his legacy should be altered." After Lourenco succeeded Eduardo in 2017, following nearly four decades of rule, he cracked down on the role of his predecessor's children in state enterprises.

Dos Santos, who holds significant stakes in several major Portuguese firms, was fired as chair of Sonangol and her brother from a sovereign wealth fund.

But she remains a highly divisive figure in Angola with supporters seeing her as a top entrepreneur; detractors as an embodiment of corruption.




💡 One News Page Knowledge: Other News Mentions

Forbes Forbes American business magazine

Kanye West Reveals He Had COVID-19 In New Interview | THR News [Video]

Kanye West Reveals He Had COVID-19 In New Interview | THR News

Kanye West had a lot to say in a recent interview with Forbes, in which he revealed that he is no longer a Trump supporter and that he was severely ill with COVID-19 months ago.

Credit: The Hollywood Reporter    Duration: 01:45Published
West Says He's Okay Taking Votes From Biden [Video]

West Says He's Okay Taking Votes From Biden

Rapper and business mogul Kanye West has provided more details about his surprise bid for the presidency. In an interview with Forbes West said that he was OK taking Black voters from Democratic candidate Joe Biden. "To say that the Black vote is Democratic is a form of racism and white supremacy," West told Forbes. He said that though he no longer supports President Donald Trump, he would not run against him as a Republican.

Credit: Wochit News    Duration: 00:31Published
West Reveals Elon Musk Is Advising Him On His Campaign [Video]

West Reveals Elon Musk Is Advising Him On His Campaign

On July 4th, Kanye West announced he wants to run for president. In an interview with Forbes published Wednesday, West said he is being advised by Tesla CEO and tech billionaire Elon Musk. According to Business Insider, West's remarks seem to be backed up by recent remarks. On Twitter, Musk commented on West's July 4 announcement: "You have my full support!" The two also appeared together in a photo published by West on July 1.

Credit: Wochit News    Duration: 00:31Published
Kanye West No Longer Supports Donald Trump [Video]

Kanye West No Longer Supports Donald Trump

Kanye West no longer supports President Donald Trump. West gave a four-hour interview to Forbes magazine Tuesday. West has been widely criticized because of his support of President Donald Trump. He told Forbes he's lost faith in Trump. "It looks like one big mess to me. I don't like that I caught wind that he hid in the bunker." West's comments come after he announced he is running for president himself. He missed deadlines in several states to actually get on the ballot.

Credit: Wochit News    Duration: 00:44Published
Dwayne Johnson bumps Kylie Jenner from Instagram rich list following Forbes allegations [Video]

Dwayne Johnson bumps Kylie Jenner from Instagram rich list following Forbes allegations

Dwayne Johnson has overtaken Kylie Jenner on the Instagram rich list - after Forbes magazine revoked her billionaire title.

Credit: Cover Video STUDIO    Duration: 00:50Published

You Might Like


Tweets about this


Related videos from verified sources

'False allegations': Africa's richest woman clashes with Angolan authorities [Video]

'False allegations': Africa's richest woman clashes with Angolan authorities

Angolan billionaire and former first daughter Isabel Dos Santos has decried a New Year's Eve court order to freeze her vast assets as a "witch hunt" engineered to weaken her..

Credit: Rumble     Duration: 01:50Published