Angola: Isabel dos Santos Ordered To Return $500 Million In Energy Shares

Isabel dos Santos, daughter of Angola's former president and Africa's onetime richest woman, must return to Angola her shares in
-A +A
0

Photo: Wikimedia Commons

Isabel dos Santos, daughter of Angola's former president and Africa's onetime richest woman, must return to Angola her shares in Portugal's Galp energy firm worth 422 million euros ($500 million), an international arbitration court has ruled.

Dos Santos is accused of diverting billions of dollars from state companies during her father Jose Eduardo dos Santos's nearly 40-year rule of the oil-rich southern African nation.

The embattled ex-first daughter, whose business assets have been frozen since 2019, was ordered by a Dutch court this week to return shares worth $500 million to Angola's national Sonangol energy group, which she chaired...Read rest.

Also Check Out...

CORE Services group's Jack Brown
Black Businesses Leaders
Biniam Girmay became the first black African to win a stage of a Grand Tour
Eritrean Becomes First Black
 court filing unveiled the newly redrawn congressional districts in New York City.
Bowman Denounces Proposed
Seko Fofana has won the Marc-Vivien Foe award
Seko Fofana: Ivory Coast Player
The 2022 midterm elections are already underway, with a May 3 primary
Will Your Vote Count in 2022?
Have you heard about just how nutritious sea moss is?
Get Black-Owned Seamoss Straight