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Bank/Dos SantosBack
[Published: Tuesday January 21 2020]

 Bank cuts ties with Isabel dos Santos

 
LISBON 21 (ANA) - The Portuguese bank Eurobic has announced it will end its business relationship with Africa's richest woman, Isabel dos Santos, after a BBC Panorama investigation uncovered a myriad of suspicious looking deals.
 
She says the allegations against her are entirely false.
 
The billionaire daughter of Angola's former president holds a 42.5% stake in Eurobic indirectly via two entities, reports Reuters news agency.
 
Eurobic was already under investigation from the central bank over its links to Ms dos Santos before the so-called Luanda Leaks came out earlier this week.
 
The bank said that the board of directors decided in a meeting on Monday to “terminate the commercial relationship with entities controlled by the universe of the shareholder Isabel dos Santos and people closely related to it.”
 
BBC Panorama was given access to more than 700,000 leaked documents, most obtained by the Platform to Protect Whistle-blowers in Africa and shared with the International Consortium of Investigative Journalists (ICIJ).
 
Her business deals spanned from Angola's state oil company to the country's biggest mobile phone provider.(ANA)
FA/ANA/21 January 2020--------
 

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