Isabel dos Santos ordered to return Galp shares to Angola

Isabel Dos Santos is accused of diverting billions of dollars from state companies during her father's rule of AngolaTHE HAGUE - Isabel dos Santos, daughter of Angola's former president and Africa's one-time richest woman, must return to Angola her shares in Portugal's Galp energy firm worth 422 million euros , an international arbitration court has ruled.

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 until Lourenco took power. Santos's six percent stake in Galp is part of a myriad of investments in Angola and former colonial ruler Portugal, worth about $3-billion according to Forbes magazine, that has been under scrutiny.

Dos Santos had consistently denied any wrongdoing and denounced all accusations as a politically motivated witch hunt.Exem's lawyers intend to appeal the decision"with the competent court".

Well done, Angola. Cannot wait for the same to happen here with these anc thieves.

There is no reprieve for the wicked!

That's a win for Angola

Looter

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