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Dos Santos seeks to revoke court order

Publish date: 01 June 2020
Issue Number: 875
Diary: IBA Legalbrief Africa
Category: General

Angola's billionaire former first-daughter Isabel dos Santos and her husband are seeking to revoke a court order that froze their assets last year as part of a massive corruption probe. Dos Santos and her Congolese husband Sindika Dokolo are accused of diverting billions of dollars from Angolan state companies during Jose Eduardo dos Santos' term in office. A report on the News24 site notes that a court in December froze their bank accounts as part of a crackdown on graft President Joao Lourenco. The couple's lawyer Walter Tondela told AFP he had filed a case against Angola's public prosecution for ‘presenting false documents’. ‘The magistrate ... falsified the documents that deceived the court to the point of making this decision illegal and unconstitutional,’ Tondela said. She has been charged with numerous crimes, including mismanagement, embezzlement of funds, and money laundering during her stewardship of the oil giant Sonangol. Prosecutors estimate that she and Dokola diverted up to $5bn from the state.

Full Fin24 report

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