Angola: Billionaire Isabel dos Santos Loses Appeal For Access to Frozen Assets | Firstpost Africa

Angola: Billionaire Isabel dos Santos Loses Appeal For Access to Frozen Assets | Firstpost Africa

Angola's Isabel dos Santos on Monday (October 31) lost an appeal to overturn an order freezing up to $778 million of her assets as part of a lawsuit at London's High Court. Dos Santos, Africa's first female billionaire, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017, is being sued by Angolan telecoms operator Unitel in a case related to unpaid loans. Dos Santos has denied these charges and claimed she is a victim of a "campaign of oppression" by Angola's current government.

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[uniquecritical]

Bravo. All politicians in Africa should go through this, in order for the countries to recover the looted money and properties

[Calvin]

The big question is whether Portugal is going to hand back the money to the people of Angola or is Portugal keeping the money for themselves?

[enod]

All of it was never hers in the first place.

[loucadoida]

Yeah imagine all these money frozen in Europe are they going to return the money to Angola I wonder !!!

[joemol]

Why did Portugal not seize her account when her father was president?!!

[psalmfive]

I hope that should go to all those Corrupt Politicians in African Countries ..

[HZIZ]

All the money must go back to Angola ppl and she must go to jail.

[BatsiraiMusuka]

I just wish there was a way for all these funds to be returned to Angola (Afrika) in the interim. Who is this money working for at present (interest earned and such)?

We do not want aid, we need our resources (money) to work for us.

[vickpolo]

Don't forget the new president of angola. João he is elso currupt. The all Mpla are currpt.

[victorowino]

I never condone corruption but uk should stick to uk issues n give orders within uk borders

[SirD]

She and her father needs to be behind bars

[Babazulu]

Her father was a thief and it seems like she has inherited it

[mjayaurum]

come also down South Africa for the oppenheimers and motsepes and co. nobody should get rich with national resources.

[LaxCorpSoon]

As an Angolan, I must say Isabel´s assets being frosen and Her arrest is really just the tip of the Iceberg as many other corrupt Generals are still at large and living the best lives while many Angolans suffer in Poverty.

[Ed-xvsy]

She could've went around every poor house and given them 20, 000 dollars. Now she has nothing, 800, 000 gone. She didn't help a single person. I just, i will never understand this world and why people are the way they are. Same with every rich person, do they not realize they could literally change people's lives and still not miss a beat?

[derekmiles]

The most important thing i got from this is "London's" High court; for the UK to be involved, it means those assets are in the UK... $700+ Million of looted wealth could not even be hidden in the country it was looted from.
Nigeria's former head of state Sani Abacha is officially reported to have looted $5-8 Billion dollars of Public funds during his tenure, all of which went to European Bank accounts, 1990s inflation rate by the way (Abacha was Head of State for just 4+ years).
Nigeria's yearly budget during the "90s was "officially" around $8 Billion; so Abacha actually looted about 1/4th the entire budget meant for about 100 Million people during his tenure, and took it to a completely different Continent... That was just his by the way, we're not even talking about the countless other Politicians even doing worse; We're f*cked.

[jemimaasante]

Ghana government and his family are doing the same hope they will be jailed and Ghana will get the stollen money back.

[UserDontiAS]

Shame on her😢, Africans suffer because of these gangs masquerading as leaders

[thelawisthelaw]

It's hard to say, but all the companies owned by Isabel were doing much better when she was in charge than they are now, the government is bankrupting these companies.

[TheRichCapitalist]

The international community needs to prioritize stability over reform. Seizing foreign assets can damage diplomatic relations, and foreign meddling through other means (like the competition between France and Russia in certain parts of Africa) also lead to chaos.