Featured Portugal

European banking regulator to probe Luanda Leaks’ allegations

The European Banking Authority will probe revelations contained in Luanda Leaks, an investigation led by the International Consortium of Investigative Journalists (ICIJ) into how billionaire businesswoman Isabel dos Santos made her fortune. Confirmation of the probe follows a demand by the European Parliament for the regulator to assess… Read More

Court ties dos Santos to ‘fraudulent’ diamond deal as Portugal further freezes out billionaire

An Angolan court has labeled a deal between the African country’s diamond company and Isabel dos Santos’ husband as “fraudulent” and harmful to average Angolans, according to a newly released decision. The 44-page ruling by the Provincial Court of Luanda, released publicly earlier this month, prevents Banco BIC, partly… Read More

Africa’s richest woman to cooperate in Angola corruption probe

Isabel dos Santos, who is accused of causing billions of dollars in losses to the Angolan government during her father’s 38-year rule, said she is available to cooperate with authorities to clear her name and find out the truth. “What I want to resolve as quickly as possible are the… Read More
13th May 2020
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
14th April 2020
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
19th March 2020
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
11th March 2020
By Will Neal OCCRP — Investigators in more than 15 countries have seized almost 36 million units of medical drugs in a coordinated sting on European groups trafficking black market and counterfeit medications. Operation Misused Medicines (MisMed), backed by Europol and now in its third phase, took place between… 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
5th March 2020
The Portuguese attorney’s office has confirmed it conducted dozens of searches on Wednesday in connection withits investigation into tax evasion and money laundering at some of the country’s biggest clubs, as well as the super-agent Jorge Mendes. The latest stage of Operation Fora de Jogo (Operation Offside) involved almost 300… Read More
27th February 2020
A court found a Swiss-Brazilian man guilty on Wednesday of complicity in bribery and money laundering, marking Switzerland’s first conviction related to a probe into Brazilian state oil firm Petrobras. The court said the case related to payments worth more than $35 million made between 2007 and 2014 via mediators… 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