{"id":4071,"date":"2020-01-06T21:23:35","date_gmt":"2020-01-07T01:23:35","guid":{"rendered":"https:\/\/africaglobalnews.com\/?p=4071"},"modified":"2020-01-06T21:23:35","modified_gmt":"2020-01-07T01:23:35","slug":"corruption-fighter-freezes-bank-accounts","status":"publish","type":"post","link":"https:\/\/africaglobalnews.com\/website_b1ce9d46\/corruption-fighter-freezes-bank-accounts\/","title":{"rendered":"Corruption fighter freezers bank accounts"},"content":{"rendered":"\n<p>Some called her Princess. Others labeled her the <a href=\"https:\/\/africaglobalnews.com\/\">beautiful face<\/a> of the dictatorship &#8211; always beaming from the pages of Fortune, Forbes and other high-finance magazines which flattered her as Africa\u2019s \u201cFirst Woman Billionaire.\u201d Today, the daughter of Angola\u2019s ex-president is in a messy fight over millions siphoned from state funds, now frozen as part of the current president\u2019s anti-corruption drive.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-5506089157017573\" data-ad-slot=\"1517254432\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>As <a href=\"https:\/\/www.reuters.com\/article\/angola-corruption\/angola-freezes-assets-of-ex-presidents-daughter-over-corruption-allegations-idUSL8N2950OV\">Ms. Isabel<\/a> dos Santos tells it, she made her first million selling eggs on the street on her way to school. Soon, she had a share in lucrative state contracts and became head of Angola\u2019s state-owned oil firm, thanks to her father\u2019s generous decrees. Her assets swelled to $2 billion, the Bloomberg news service reports.<\/p>\n\n\n\n<p>Last month, an Angolan court froze the assets of dos Santos, her husband Sindika Dokolo, and one of her executives and seized their shares in local companies, including the Unitel telecommunications firm, the BFA bank and the cement company Cimangola, according to Angola\u2019s state news agency. The nation\u2019s Attorney General accuses the three of engaging in transactions with state-owned companies that led to the government incurring losses of $1.14 billion.<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-5506089157017573\" data-ad-slot=\"1517254432\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>Jose Filomeno, Isabel\u2019s brother, was fired as head of Angola\u2019s sovereign wealth fund and accused of illegally transferring $500 million from Angola\u2019s central bank to the U.K. Their sister, Welwitschia dos Santos, recently lost her seat as a member of parliament after leaving Angola.<\/p>\n\n\n\n<p>These moves mark another step in President Joao Lourenco\u2019s bid to battle graft and dismantle the influence of his predecessor\u2019s family over key industries.<\/p>\n\n\n\n<p>Dos Santos says she will \u201cuse all the instruments of Angolan and international law at my disposal to fight this order and ensure the truth comes out.\u201d But political analyst Paula Roque calls the arrests an indication that Angola is \u201cfinally moving in the direction of accountability and reversing decades of impunity, nepotism, patronage and corruption.\u201d &nbsp;Opposition spokesman Marcial Dachala concurs. \u201cThis confirms what we&#8217;ve been saying since 1975, that this country is a victim of kleptocracy.\u201d<\/p>\n\n\n\n<script async=\"\" src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\n<ins class=\"adsbygoogle\" style=\"display:block; text-align:center;\" data-ad-layout=\"in-article\" data-ad-format=\"fluid\" data-ad-client=\"ca-pub-5506089157017573\" data-ad-slot=\"1517254432\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script>\n\n\n\n<p>Angola is the second biggest oil producer in sub-Saharan Africa. Nonetheless, 36% of its citizens live in extreme poverty, according to the United Nations.&nbsp;<em>w\/pix of I. dos Santos (center)<\/em><\/p>\n\n\n\n<p><strong>Africa Global News Publication <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some called her Princess. Others labeled her the beautiful face of the dictatorship &#8211; always beaming from the pages of Fortune, Forbes and other high-finance magazines which flattered her as Africa\u2019s \u201cFirst Woman Billionaire.\u201d Today, the daughter of Angola\u2019s ex-president is in a messy fight over millions siphoned from state funds, now frozen as part [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"tdm_status":"","tdm_grid_status":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[269],"tags":[389],"class_list":{"0":"post-4071","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-politics","8":"tag-corruption"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corruption fighter freezers bank accounts - Africa Global News<\/title>\n<meta name=\"description\" content=\"A messy fight over millions siphoned from state funds, now frozen as part of the current 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