Showing posts with label Legal Affairs. Show all posts
Showing posts with label Legal Affairs. Show all posts
Friday, February 02, 2024

Angolan Tycoon Isabel dos Santos Faces £580 Million Asset Freeze in Legal Blow

Angolan Tycoon Isabel dos Santos Faces £580 Million Asset Freeze in Legal Blow

 Isabel dos Santos: Angolan billionaire hit with £580m asset freezeAn Angolan billionaire, described as Africa's richest woman, Isabel dos Santos, has lost a High Court battle to stop her assets from being frozen. The legal dispute, initiated by telecoms firm Unitel, seeks damages of $733 million (£580 million) related to financial decisions made by Ms Dos Santos during her directorship.Ms Dos Santos, daughter of a former president, argues that the case is a political vendetta. Critics have accused her of using her influence in Angola for personal enrichment, allegations she strongly denies.The case focuses on loans made in 2012 and 2013, totaling around $400 million, from Unitel to another company, Unitel international Holdings (UIH), owned and controlled by Ms Dos Santos. Unitel alleges that the loans were made at rates below commercial values without significant security, ultimately benefiting Ms Dos Santos personally.Ms Dos Santos denies the allegations, stating that the loans w...

Australia Approves Release of Incarcerated Terrorist Amid Rigorous Oversight

Australia Approves Release of Incarcerated Terrorist Amid Rigorous Oversight

 A convicted terrorist whom Australia had wanted to strip of his citizenship and deport will be released into the community on Tuesday under strict conditions.Algerian-born Muslim cleric Abdul Benbrika will be released from prison on a supervision order for 12 months following a ruling by Victoria state Supreme Court Justice Elizabeth Hollingworth. Police had argued for the order to last for three years.Benbrika must wear an electronic ankle bracelet to track his movements and abide by a nightly curfew.The 63-year-old was convicted in 2008 of three terrorism charges related to a plot to cause mass casualties at a public event in Melbourne. No attack took place.He was sentenced to 15 years in prison and would have been released in 2020. But his sentence was extended by three years under a recent law that allowed the continued detention of prisoners convicted of terrorism offenses if a judge ruled they posed an unacceptable risk to the community if released.In 2021, Benbrika lost a High C...