UK imposes asset freeze, travel ban on Angola’s billionaire, Isabel dos Santos
Britain has imposed a travel ban and an asset freeze on Angolan billionaire Isabel dos Santos under its global anti-corruption sanctions regime, the British government said on Thursday.
Ms Dos Santos, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017, has faced corruption accusations in Angola and elsewhere for years.
Africa’s first female billionaire denies the allegations and said she was the target of a long-running political vendetta.
The government said dos Santos misappropriated more than 50 million pounds (63.19 million dollars) for her own financial benefit while she ran Angola state oil firm Sonangol.
It also said she misappropriated more than 300 million pounds while she was director of telecoms company Unitel.
Dos Santos lost an appeal to overturn an order freezing up to 580 million pounds of her assets in September as part of a lawsuit at London’s High Court brought by Unitel.
Global police agency Interpol confirmed in 2022 it issued a red notice for dos Santos, who says she lives in Dubai, United Arab Emirates.
The British government added seven other designations targeting other individuals under the same global anti-corruption case.
(Reuters/NAN)
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