Home Sell Products Advertise Covid Profiles Feedback Confirm Order

Buy Airtime

Pindula Market

Former President’s Daughter Ordered To Repay US$500 Million

31 July 2021

Former Angolan President, José Eduardo dos Santos' daughter, Isabel Dos Santos, has been ordered to surrender oil and gas shares worth $500m (£360m) by an international court.

The Netherlands Arbitration Institute, part of the International Court of Arbitration, said that the transaction in which Ms Dos Santos had received the shares in Portuguese oil and gas firm Galp was illegal.

Featured Product

Dstv and Openview Satellite Dish installation in and around Harare
By E.M DSTV Installer

It ordered that she must return them to the Angolan energy group Sonangol.

Ms Dos Santos, who was once known as Africa’s richest woman, has faced a slew of allegations that she plundered state assets and sent the money abroad.

She denies the allegations and says she is the victim of a political witch-hunt.

More: NewsDay

Pindula Marketplace

Do you know you can sell products here?, Start today!