Isabel dos Santos Loses Fight against an Application to Freeze Million Dollar Assets
A woman observing migratory birds in Egypt highlights conservation concerns.
The Angolan billionaire, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017 – is being sued by Angolan telecoms operator Unitel. Unitel asked the High Court to grant a worldwide freezing order over dos Santos’ assets at a hearing last month and Judge Robert Bright granted the order on Wednesday. In 2020, Unitel filed a lawsuit against Dos Santos’ Dutch firm Unitel International Holdings (UIH) for loans given in 2012 and 2013 when Dos Santos was a director of Unitel to support UIH’s purchase of telecom company shares. According to Unitel’s attorneys, the loans were not returned, and a balance of almost $395 million plus interest is still owed.
SOURCE: BUSINESS INSIDER