Reuters revealed that Portugal’s central bank is carrying out an inspection of small local lender Eurobic, in which Angolan billionaire and former first daughter Isabel dos Santos is the main shareholder, to assess its procedures against money laundering. Responding to questions from Reuters, Eurobic noted that the inspection began in late November, before Angolan authorities froze dos Santos’ assets in the African country in late December. The asset freeze followed allegations by prosecutors that dos Santos and her husband, who have denied any wrongdoing, had steered payments of more than $1 billion from state companies Sonangol and Sodiam to firms in which they held stakes.
Reuters reveals Bank of Portugal scrutinizing Isabel dos Santos’ Eurobic
16 January 2020, 12:00 am 1 minute
Type: Reuters Best
Regions: Europe / Middle East / Africa
Win Types: Exclusivity
Story Types: Exclusive / Scoop