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
13th February 2020
The European Commission has sent legal warnings to Cyprus, Portugal, the Netherlands and five other EU states over their delays in applying new anti-money laundering rules adopted at European Union level two years ago. The 27 EU states were required to enact by January tighter rules to counter dirty-money risks… 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
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
21st January 2020
Former Socialist minister António Vitorino – once tipped as a contender for party leader – is being cited by Spanish prosecutors over a “scheme of corruption and money laundering” involving more than €35 million in Venezuelan funds. Vitorino has denied the allegations, saying they are “absolutely false”. The story is… Read More
17th January 2020
Portugal’s central bank is carrying out an inspection of small local lender Eurobic, in which Angolan billionaire and former first daughter Isabel dos Santos is the main shareholder, to assess its procedures against money laundering, Eurobic said. Responding to questions from Reuters, the unlisted bank said on Thursday it was… Read More
2nd January 2020
Angola has frozen the assets of Isabel dos Santos, the billionaire daughter of the country’s previous leader, in a sign that President João Lourenço is taking a tougher line against the former first family. Since ending José Eduardo dos Santos’ nearly 40-year grip on power in 2017, Lourenço has been… Read More
30th December 2019
A group of international investors managing trillions of dollars in assets has filed what it says is the first in a series of lawsuits against Danske Bank in connection with the money laundering scandal engulfing Denmark’s largest lender. The writ, which was filed on Friday in the District Court… Read More
23rd October 2019
Switzerland has pressed charges against a person in a corruption probe of Brazilian state oil company Petrobras (PETR4.SA) and construction firm Odebrecht, the attorney general’s office said, adding it was seeking to conclude the case quickly. Prosecutors in Bern on Tuesday said they suspect the person, acting as… Read More