Cape Verdean Central Bank Orders Administrative Liquidation of Offshore Bank Owned by Isabel dos Santos

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Friday, July 22, 2022
Author: 
Bruce Zagaris
Volume: 
38
Issue: 
8
Abstract: 

On July 14, 2022, an article in an Angolan paper revealed that the Cape Verdean Central Bank ordered the “administrative liquidation” of the BIC Cabo Verde bank (BIC-CV) for which Angolan businesswoman Isabel dos Santos was a majority owner.  The Central Bank appointed a liquidation commission that immediately started managing the bank.[1]



[1]    Cabo Verde:  Central Bank determines “administrative liquidation” of BIC Cabo Verde held by Isabel dos Santos, Angola Telegraph, July 14, 2022 https://angolatelegraph.com/economy/cabo-verde-central-bank-determines- administrative-liquidation-of-bic-cabo-verde-held-by-isabel-dos-santos.