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Africa's Richest Woman Denies Illegal Transfer at Oil Firm

  • Ex-president’s daughter says fund transfer to Dubai was legal
  • Dos Santos was fired from position at Sonangol Nov. 15
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Isabel Dos Santos, the billionaire fired as chairwoman of Angola’s state oil company last year, denied any wrongdoing in the transfer of $38.2 million from the company and said the allegations were politically motivated.

The allegations, made by Sonangol’s Chairman Carlos Saturnino are the latest salvo in a crackdown on the interests of the family of former President Jose Eduardo Dos Santos, who ruled the continent’s second-biggest oil producer for almost four decades. Isabel Dos Santos is his daughter and, with a net worth of $2.4 billion according to Bloomberg Billionaires, Africa’s richest woman.