Page 8 - Nile Explorer Issue 007
P. 8

corruption in Angola’s diamond indus-  Luanda  Provincial Court ordered the  Government announced it was prepar-
       try. In  1999  the  president  gave  her  a   freezing of dos  Santos's  Angolan bank  ing for a legal battle for the confiscation
       24.5% share in the Angola Selling Corp,   accounts and the seizure of her stake in  of her assets in Portugal] a process that
       with  an  exclusive license  to market   local companies, including  Unitel  and  is  already  in  operation  in  the  form of
       Angolan  diamonds,  to  a  company   Banco de Fomento Angola.            formal government  to  government
       controlled by dos  Santos and her    According  to  reports, Dos Santos  left   request sent  to  Portugal  to  stop the
       mother. In 2012, Dokolo signed a deal   Angola in 2018 for the U.K., where she’s   transfer of funds from  Portuguese
       with Angola’s diamond-trading agency   thought to own properties in  central   Commercial  Bank  to  foreign  financial
       to buy a stake in the Swiss luxury jewel-  London.  Early this month, Angola’s   institutions.
       ler De Grisogono. The documents allege   prosecutor general said on public radio   Many Angolans have been surprised at
       that  this  deal  was funded  by the  state   that the country would use “all possible   the  way  that  President  João  Lourenço
       company.                             means and activate international mech-  has gone after the business interests of
       The Angolan Government has, since    anisms to bring dos Santos back to the   his predecessor's family. Until recently,
       2018,  been  trying  to  prosecute  Isabel   country.”                   Isabel Dos Santos had been touted as a
       dos Santos for past corruption  crimes   Meanwhile, as she remains under inves-  possible challenger to João Lourenço as
       that  may have led Angola' into  an   tigation in Portugal, she is said to have   president of Angola, one of the poorest
       economic crisis. And as she remains in   since assumed  the UAE  as her official   countries in the world. •
       exile in Portugal, in December 2019; a   country of residence, while the Angolan






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