Portugal's central bank said it has asked local lender EuroBic, formerly known as Banco BIC Português SA, about transfers between Angola and Dubai related to Angolan billionaire Isabel dos Santos after media reports revealed files focused on alleged financial schemes used by dos Santos to build her business empire, Reuters reported.
Portuguese prosecutors are also investigating the files — dubbed the Luanda Leaks — which were obtained by the International Consortium of Investigative Journalists and released by several news organizations Jan. 19, according to the report.
Dos Santos, who indirectly owns 42.5% of Eurobic, said the allegations against her were completely unfounded.
Meanwhile, Eurobic, whose anti-money laundering systems are being investigated by the central bank, said its board of directors decided to end the lender's commercial relationship with all entities controlled by dos Santos and people closely related to them. The bank, however, did not say how the move would affect its relationship with dos Santos herself.
Earlier in January, the central bank said it was reviewing dos Santos' suitability as a shareholder in local banks following a recent court order that her assets in Angola be frozen.