Angola freezes Isabel dos Santos's assets over graft allegations Politics 

Angola Says Stolen Assets Worth More Than $24 Billion Estimate

Angolan authorities are likely to unearth far more looting than the current estimate of $24 billion as they deepen their probe into funds that went missing during the previous regime, President Joao Lourenco said in Angola. “New things are being uncovered,” Lourenco said in a state-of-the-nation speech on Thursday. “It’s very likely that much bigger numbers will be announced later. This figure alone exceeds the value of Angola’s debt to its main creditor,” he said, referring to China.                          …

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Angola freezes Isabel dos Santos's assets over graft allegations Public Policy 

Angola freezes billionaire Isabel dos Santos’s assets over corruption allegations

    Reuters—-Since ending José Eduardo dos Santos’ nearly 40-year grip on power in 2017, Lourenço has been trying to erase the influence of his predecessor and reform sub-Saharan Africa’s third-largest economy. But Lourenço is under pressure as the economy continues to contract under his watch. Isabel dos Santos said the asset freeze was “politically motivated” and that the case against her had been held in total secrecy. “The judgment contains statements which are completely untrue,” she said in a statement. She later told Reuters by phone that she had…

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