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reand according to a statement from PT Ventures, the court ruled, in an order dated November 19, after a action judicial, appoint judicial administrators for the management of active specific to Vidatel, Limited, Isabel dos Santos company registered in the Virgin Islands, and all bank accounts maintained and / or controlled by Vidatel.
The directors also begin to control the 25% stake, including the rights inherent in that stake, namely the voting rights and the rights of representation. Vidatel at the general meetings of shareholders gives Unitel and the right to Vidatel to receive past and future dividends (including interest on them) from Unitel.
According to PT Ventures, a company acquired by the Angolan state oil company Sonangol, which thus came to have the majority shareholder gives Unitel (50%), “the objective what judicial co-administrators are appointed for is to preserve and ensure the active relevant documents, pending confirmation of the conviction of the Vidatel in relation to the arbitration award rendered in favor of PT Ventures, on 20 February 2019, before the Paris Court of Appeal “.
The Arbitral Tribunal of Paris condemned the “shareholders founders “of that telecommunications company to pay PT Ventures two indemnities for a total of 654.2 million dollars (568.8 million euros).
The decision was published at the time by Unitel, according to which the Chambertimes International trade (CCI) ordered the company to pay damages of 339.4 million dollars (295.1 million euros) and 314.8 million dollars (273.7 million euros).
According to the statement released today by PT Ventures, the judicial co-administrators must take all measures they consider necessary or desirable, including “measures to protect Active Relevant, and as a result of this decision, the Vidatel is no longer under the control of Isabel dos Santos and, consequently, 25% of behavior gives Unitel held by that company, the VidatelIt will also cease to be under the control of Isabel dos Santos ”.
Last month, Unitel started a lawsuit in London against the Unitel International participations (UIH), held by the Angolan businesswoman Isabel dos Santos, to recover a debt of more than 350 million euros.
The complaint dated October, consulted by the Lusa agency, claims the return of seven loans granted between May from 2012 e August from 2013 is Unitel to UIH that, he emphasizes, “despite his name, he has no commercial connection or affiliation with Unitel“.
A Unitel alleges that UIH It owes 325,305,539 euros and 43,937,301 dollars (about 37 million euros), plus default interest.
According to the document filed in the Commerce Division of the High Court of London [High Court], the loans were intended to finance the purchase of behavior in the Portuguese telecommunications operator Zone, the acquisition of T + Telecomunicações in Cape Verde and the investment in Unitel in São Tomé and Príncipe.
In August, a Sonaecom announced that it had reached an agreement with the Angolan businesswoman Isabel do Santos to dissolve the ZOPT, after the arrest of the daughter of former Angolan president José Eduardo dos Santos by the Portuguese justice, triggered by the “Luanda Leaks” case.
A Unitel states that the operation, as well as the diversion of dividend payments by NOS, UIH capital or sources of income.
Isabel dos Santos previously denied having received unjustified transfers from the Unitel, guaranteeing, in turn, to be creditor of the operator that presumably will not have repaid a loan that you obtained from Vidatel Limited.
A Unitel denied the existence of this debt, acknowledging that the Vidatel it has dividends yet to be received, which were not transferred due to the seizure ordered by the Luanda Court of Isabel dos Santos’ stakes in various Angolan companies.
In December 2019, the Provincial Court of Luanda decreed the preventive seizure of the property of Isabel dos Santos and Labor union Dokolo, her husband, including nine companies in which the businesswoman has stakes, including the brewery Sodiba, a Condis, owner of the hypermarket chain Candando, the television operator Zap Media, cement Cimangola and the telecommunications operator, Unitel.
The preventive seizure of the 25% stake in the Vidatel in Unitel was recognized by the Court of the British Virgin Islandsuniqueadds PT Ventures.
A Unitel went up janeiro this year, controlled by four shareholders, each with 25%: PT Ventures (owned by Brazil’s Oi), the state oil company Sonangol, a Vidatel (by Isabel dos Santos) and Geni (to make general Leopoldino “Dino” Fragoso do Nascimento).
Me 26 janeiro, a Sonangol bought the position of PT Ventures, for a billion dollars (900 million euros) becoming the largest shareholder the Angolan operator.
The International Consortium for Investigative Journalism revealed on 19 janeiro, more than 715 thousand files, called ‘Luanda Leaks’, which detail alleged financial schemes that will have allowed Isabel dos Santos and her husband, Labor union Dokolo, who has already died, withdraw money from the Angolan public treasury through tax havens.
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