{"id":21867,"date":"2023-12-21T11:47:51","date_gmt":"2023-12-21T11:47:51","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/british-court-freezes-670-million-euros-controlled-by-isabel-dos-santos"},"modified":"2023-12-21T21:38:40","modified_gmt":"2023-12-21T21:38:40","slug":"british-court-freezes-670-million-euros-controlled-by-isabel-dos-santos","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/british-court-freezes-670-million-euros-controlled-by-isabel-dos-santos","title":{"rendered":"British court freezes 670 million euros controlled by Isabel dos Santos"},"content":{"rendered":"

Africa-Press – Cape verde. <\/strong><\/span>Judge Robert Bright, from a British commercial court, today decided to freeze around 580 million pounds (670 million euros) controlled by Angolan businesswoman Isabel dos Santos, in a case brought against Unitel International Holdings.<\/p>\n

\u201cI do not see an obvious basis on which Isabel dos Santos’ assets should be protected in this jurisdiction; there appears to be an obvious argument in favor of a worldwide freeze on her assets,\u201d argued Judge Robert Bright in the ruling published today by the British High Commercial Court.<\/p>\n

At issue is the case brought by Unitel, now controlled by the Angolan State, against Unitel International Holdings BV, based in the Netherlands, and against businesswoman Isabel dos Santos, who asked for the freezing of 580 million pounds, the equivalent of 670 million euros at today’s exchange rate.<\/p>\n

In the decision, the judge states that it is \u201chighly desirable that Isabel dos Santos be required to declare her assets, in circumstances where Unitel does not know which, if any, assets are held by her and are not covered by seizure orders or freezes that are already in force.\u201d<\/p>\n

Therefore, he concludes, he does not accept \u201cthe principle that other asset freezing orders mean that it is neither fair nor convenient for this court to decide on yet another order\u201d, as defended by the businesswoman, who says she is the victim of an \u201coppressive campaign\u201d. .<\/p>\n

The London court’s decision follows a series of actions filed by the Angolan State and by public and private companies against the businesswoman since Joa\u0303o Lourenc\u0327o took office as President of Angola in 2017, and which also included other members of Jose\u0301’s family Eduardo dos Santos, who governed Angola for almost 40 years.<\/p>\n

In December last year, the Angolan Supreme Court (TS) ordered the preventive seizure of the assets of businesswoman Isabel dos Santos, valued at one billion dollars (around 930 million euros), namely 100% of the Unitel T+ companies, in Cape Verde , and Unitel STP SARL, in Sa\u0303o Tome\u0301 and Pri\u0301ncipe, of which the daughter of the former President of Angola Jose\u0301 Eduardo dos Santos was the effective beneficiary.<\/p>\n

According to the order, among other accusations, Isabel dos Santos \u201calso transferred amounts from Unitel SA to the entity Unitel International Holdings BV, a company based in the Netherlands, incorporated on 05\/04\/2012 and controlled by Isabel dos Santos herself, her sole effective beneficiary\u201d.<\/p>\n

In fact, between May 8, 2012 and August 28, 2013, the note states, seven financing contracts were signed between Unitel SA and Unitel International Holdings BV, through which the former lent the latter the total amount of 322,979,711.00 euros and 43,000,000.00 dollars, amounts that the beneficiary company \u201cis obliged to return within 10 years\u201d.<\/p>\n

Such loans, \u201cin which Isabel dos Santos signed the aforementioned financing contracts, in the simultaneous capacity of legal representative of both companies\u201d, allowed Unitel International Holdings BV to acquire shares or set up companies in the telecommunications sector in Portugal, Cape Verde (Unitel T+) and Sa\u0303o Tome\u0301 and Pri\u0301ncipe (Unitel STP, SARL)\u201d, concludes the order.<\/p>\n

For More News And Analysis About Cape verde<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Cape verde. Judge Robert Bright, from a British commercial court, today decided to freeze around 580 million pounds (670 million euros) controlled by Angolan businesswoman Isabel dos Santos, in a case brought against Unitel International Holdings. \u201cI do not see an obvious basis on which Isabel dos Santos’ assets should be protected in […]<\/p>\n","protected":false},"author":84,"featured_media":21866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,331,328],"class_list":["post-21867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-cape-verde","tag-cape-verde"],"yoast_head":"\nBritish court freezes 670 million euros controlled by Isabel dos Santos - Cape Verde<\/title>\n<meta name=\"description\" content=\"Judge Robert Bright, from a British commercial court, today decided to freeze around 580 million pounds (670 million eur ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/cape-verde\/all-news\/british-court-freezes-670-million-euros-controlled-by-isabel-dos-santos\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British court freezes 670 million euros controlled by Isabel dos Santos - 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