Isabel dos Santos must return 400 million euros of shares to the company Sonangol

Accused of corruption, Isabel dos Santos will have to return 400 million euros of shares to the Angolan oil company Sonangol.

MIGUEL RIOPA / AFP

Text by: RFI Follow

2 min

The one nicknamed "the princess" in Angola now faces a new legal obstacle.

Isabel dos Santos, the richest woman on the African continent is accused of corruption.

It must return more than 400 million euros of shares to the Angolan oil company Sonangol. 

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The charges stack on top of each other for Isabel dos Santos, Africa's first female billionaire.

This time, it is the Dutch Arbitration Institute which questions the validity of a transaction it has carried out with the Angolan state oil company Sonangol.

In 2006, it acquired shares in the Portuguese oil and gas group Galp Energia via a Dutch company.

Actions with a total value of 122 million euros that it must therefore return to Angola.

Isabel dos Santos had paid part of these shares in kwanza, the Angolan local currency worthless outside the country, rather than in euros as agreed in the contract.

The defense specifies that it will file an appeal. 

Isabel dos Santos is the daughter of former Angolan President José Eduardo dos Santos.

It is already questioned by the

Luanda Leaks

, this investigation carried out by a consortium of journalists, including the editorial staff of RFI.

The leak of secret documents has allowed her and

her husband, who died last year,

to be

accused

of having personally enriched themselves with state property.

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