Isabel dos Santos embezzled 52 million euros from Angola’s national oil company, a Dutch court has heard. The daughter of the late President José Eduardo dos Santos embezzled this money for the benefit of a company under Dutch law which she owned with her husband, Exem Energy BV, concluded the Chamber of Companies, a body under the jurisdiction of the Court of Appeal. of Amsterdam, in a decision dated June 15 and made public on Thursday.
The court ruling is the latest in a series of judgments against Isabel dos Santos, once dubbed Africa’s richest woman. She is accused of embezzling billions of dollars from public companies during the forty-year reign of her father, who died in July 2022.
“Many [legal] persons cooperated in this disgraceful state of affairs which led [Isabel Dos Santos] to fraudulently obtain 52.6 million euros in resources,” the court said in its judgment. The money was diverted through dividend payments. The 50-year-old defendant has consistently denied any wrongdoing and denounced all charges as a politically motivated witch hunt.