{"id":133347,"date":"2023-12-20T13:59:05","date_gmt":"2023-12-20T13:59:05","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/12\/20\/isabel-dos-santos-has-734-million-in-assets-frozen-in-london\/"},"modified":"2023-12-20T13:59:05","modified_gmt":"2023-12-20T13:59:05","slug":"isabel-dos-santos-has-734-million-in-assets-frozen-in-london","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/12\/20\/isabel-dos-santos-has-734-million-in-assets-frozen-in-london\/","title":{"rendered":"Isabel Dos Santos has $734 million in assets frozen in London \u2013"},"content":{"rendered":"

<\/p>\n

\n

Isabel dos Santos, the self-exiled daughter of former Angolan President Jose Eduardo dos Santos, had \u00a3580 million ($734 million) of assets frozen in a London legal spat with telecommunications firm Unitel SA.<\/strong><\/p>\n

Dos Santos and her Dutch holding company Unitel International Holdings BV were sued by Angolan Unitel for defaulting on loans worth around \u20ac325 million and $44 million to fund UIH\u2019s interests in telecommunications companies. The two firms have no direct corporate connections despite similar names.<\/p>\n

A London judge ruled Wednesday that Unitel had won a bid to impose the freezing order, and cited dos Santos\u2019 properties in London, Dubai and Monaco, worth more than $100 million in total. Unitel had argued that the terms of the loans were \u201cuncommercial\u201d with unjustifiably low interest rates and sought by dos Santos for her own personal benefit. Dos Santos was a director of Unitel until November 2020 and the judge said it is effectively controlled by the Angolan State.<\/p>\n

Dos Santos, who was once Africa\u2019s richest woman, has faced allegations of corruption after being accused of causing more than $5 billion in losses to the African nation during her father\u2019s 38-year rule. Her assets in Angola and in Portugal have been frozen and Interpol has issued an international arrest warrant on her. She has consistently denied any wrongdoing.<\/p>\n

Lawyers for dos Santos argued the lawsuit was a political campaign against her brought by the request of the Angolan government. They said that the case needed to be viewed in light of political feuding.<\/p>\n

Lawyers for dos Santos and Unitel didn\u2019t immediately respond to a request for comment.<\/p>\n

Source:\u00a0<\/strong>bloomberg.com<\/p>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Isabel dos Santos, the self-exiled daughter of former Angolan President Jose Eduardo dos Santos, had \u00a3580 million ($734 million) of assets frozen in a London legal spat with telecommunications firm Unitel SA. Dos Santos and her Dutch holding company Unitel International Holdings BV were sued by Angolan Unitel for defaulting on loans worth around \u20ac325 […]<\/p>\n","protected":false},"author":1,"featured_media":133348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-133347","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nIsabel Dos Santos has $734 million in assets frozen in London \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/20\/isabel-dos-santos-has-734-million-in-assets-frozen-in-london\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Isabel Dos Santos has $734 million in assets frozen in London \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Isabel dos Santos, the self-exiled daughter of former Angolan President Jose Eduardo dos Santos, had \u00a3580 million ($734 million) of assets frozen in a London legal spat with telecommunications firm Unitel SA. 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