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African billionaire's assets frozen in Angola

Victoria Waldersee and Sergio Goncalves

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The Bank of Portugal is evaluating Angolan billionaire businesswoman Isabel dos Santos' suitability as a shareholder of Portuguese banks, it told Reuters on Thursday, after an Angolan court ordered that her assets in the country be frozen earlier this week.

A Luandan court document dated December 23 ordered an asset freeze of the personal bank accounts of Ms dos Santos, her husband Sindika Dokolo and Mario da Silva in Angola, as well as stakes they hold in nine Angolan firms after the government accused them of causing the state losses of over $US1 billion ($1.4 billion).

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Reuters

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    Original URL: https://www.afr.com/companies/financial-services/billionaire-s-suitability-as-shareholder-questioned-after-asset-freeze-20200103-p53olp