Britain imposes asset freeze, travel ban on ex-Angolan president’s daughter

The British government has imposed a travel ban and an asset freeze on Angolan billionaire Isabel dos Santos under its global anti-corruption sanctions regime.

The government announced on Thursday.

Dos Santos, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017, has faced corruption accusations in Angola and elsewhere for years.

Africa’s first female billionaire denies the allegations and insists she is the target of a long-running political vendetta.

The Angolan government alleged dos Santos misappropriated more than £50 million ($63.19 million) for her financial benefit while she ran the Angolan state oil firm Sonangol.

READ ALSO: Supreme Court orders seizure of ex-Angolan president daughter’s assets

It also said the ex-president’s daughter misappropriated more than £300 million while she was director of telecoms company Unitel.

Dos Santos lost an appeal to overturn an order freezing up to £580 million of her assets in September as part of a lawsuit at London’s High Court brought by Unitel.

Global police agency Interpol confirmed in 2022 it had issued a red notice for dos Santos, who lives in Dubai.

The British government has added seven other designations targeting other individuals under the same global anti-corruption case.

The post Britain imposes asset freeze, travel ban on ex-Angolan president’s daughter appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.