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
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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.

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