Isabel Santos, Africa’s richest woman accused of Misappropriating billions of dollars in Angolan-state-owned assets agrees to cooperate in corruption probe


Africa’s richest woman, Isabel dos Santos, has agreed to cooperate with Angolan authorities who are probing her after corruption allegations were leveled against her last year.

Dos Santos was accused of misappropriating billions of dollars in Angolan State-owned assets during the 38-year rule of her father.

Earlier on, dos Santos had denied any wrongdoing and accused the Angolan Government of witch-hunting her. In other words, she categorised the allegations against her as politically motivated. Now, she has changed her stance.

Bloomberg quoted her to have said,“What I want to resolve as quickly as possible are the attacks on my reputation and my good name. I’m available, as I always have been, to cooperate with justice and to provide all the necessary clarifications so that the truth prevails.”

Recall that last week Thursday, the Portuguese Government seized shares she owns in the electrical equipment company – Efacec Power Solutions SGPS SA. Interested bidders are now being sought after to take up the 72% owned by Isabel dos Santos. Portugal also froze her bank accounts in February.

Leave a reply

Your email address will not be published.