Featured Angola

Angola’s dos Santos wants graft case dropped, cites documents she calls forged

Angolan billionaire Isabel dos Santos called on Tuesday for a corruption case against her to be dropped, accusing Angolan authorities of using forged documents including a bogus passport to get courts to seize her assets. Angolan authorities seized the accounts of dos Santos and her husband Sindika Dokolo late last… Read More

How Angolan Elites Built a Private Banking Network to Move Their Riches Into the European Union

By Khadija Sharife and Mark Anderson, OCCRP, 13 April 2020 OCCRP — A group of Angolan government officials and senior bank executives funnelled hundreds of millions of dollars out of the country with little oversight, creating their own private banking network through which they sent the money to Portugal and… Read More

Luanda Leaks sealed new Cape Verde banking law, minister says

Cape Verde will close banks that serve only foreign customers, including one partly owned by Angolan billionaire Isabel dos Santos, following Luanda Leaks revelations, the country’s finance minister has pledged. Olavo Correia, who is also the Macaronesian nation’s deputy prime minister, said new laws to shutter so-called “offshore” banks that… Read More
18th March 2020
Portugal’s so-called ‘super judge’ Carlos Alexandre has ordered the seizure of all Angolan billionaire businesswoman Isabel dos Santos’ assets in the country, including lucrative stakes in various companies and luxury properties. Alexandre, a high-profile judge specializing in white-collar crime, made the order in Lisbon’s Central Court for Criminal… Read More
5th March 2020
Portugal will likely freeze proceeds from the expected sale of Isabel dos Santos’ 42.5% stake in EuroBic, worth around $200 million, the country’s central bank governor Carlos Costa told a parliamentary committee on Wednesday. “The judicial authorities will want to preserve the value associated with this deal. This… Read More
27th February 2020
In the dry, warm Angolan autumn of 2014, billionaire Isabel dos Santos and her husband, Sindika Dokolo, dreamed of beer. Lots and lots of beer. Dos Santos, the Angolan president’s favorite daughter, had long pined for a brewery of her own to break into the southern African country’s lucrative drinks… Read More
26th February 2020
As scrutiny of her business empire increased, African billionaire Isabel dos Santos turned to one of the world’s most secretive tax havens to conceal a $1.8 million luxury apartment in the Portuguese capital, Lisbon. The haven in question? The United States. Dos Santos and her husband owned the apartment through… Read More
30th January 2020
It was barely a year ago that PwC sent its accountants off for compulsory, face-to-face “scepticism lessons” as part of a multi-million pound plan aimed at rebuilding trust in the disgraced accounting sector. Following a string of doomed audits and rising concerns that accountants kept missing red flags in businesses… Read More
29th January 2020
Last week, the International Consortium of Investigative Journalists released a trove of documents uncovering a vast global network of shell companies tied to Isabel dos Santos, the daughter of Angola’s former president, who currently stands accused of amassing a multibillion-dollar fortune as a result of her close connections… Read More
28th January 2020
A professional soccer whistleblower has been named as the source behind a global exposé of the siphoning of Angolan wealth by Africa’s richest woman and her family. Led by the International Consortium of Investigative Journalists, Luanda Leaks reveals how Isabel dos Santos, amassed a fortune of more than $2… Read More
24th January 2020
Isabel dos Santos, Africa’s richest woman, is set to be indicted on charges including money laundering, influence peddling and forgery. The forthcoming charges were announced by Angola’s prosecutor general Hélder Pitra Grós at a news conference on Jan. 22. They came less than a week after a sweeping international investigation… Read More
24th January 2020
Dutch regulators say the country’s trust industry is failing to properly control the type of shell companies used by Isabel dos Santos, Africa’s richest woman, who is accused of bilking millions of dollars from companies in her native Angola. The country’s trust offices, which help establish and manage Netherlands-based businesses… Read More
23rd January 2020
Africa’s richest woman, Angola’s Isabel dos Santos, has been named as a formal suspect in a criminal investigation, the country’s attorney general is reported to have announced. Dos Santos amassed a fortune estimated at $2.2bn (£1.7bn) while her father, José Eduardo dos Santos, was president of Angola. She is… Read More