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Revealed: how Angolan ruler's daughter used her status to build $2bn empire
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| Contributor | IndyGeorgia |
| Last Edited | IndyGeorgia Jan 20, 2020 12:47pm |
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| Category | General |
| Author | Juliette Garside, David Pegg, and Hilary Osborne |
| News Date | Sunday, January 19, 2020 07:00:00 PM UTC0:0 |
| Description | The complex financial schemes that helped Africa’s richest woman amass a fortune at vast cost to the Angolan state can be revealed for the first time after a huge leak of confidential documents from her business empire.
Isabel dos Santos, who is known as “the princess” in Angola, the oil-rich nation her father ruled as president for almost four decades, has long denied that her estimated $2.2bn (£1.7bn) fortune is the result of nepotism or corruption.
However, an investigation by the Guardian and journalists in 20 countries, led by the International Consortium of Investigative Journalists (ICIJ), suggests Dos Santos benefited from extraordinary opportunities afforded to her by the government of her father, José Eduardo dos Santos, before he stood down as president in September 2017.
The businesswoman, who spends much of her time in London, controls interests across Africa and Europe spanning banking, telecoms, TV, cement, diamonds, alcohol, supermarkets and real estate.
The Luanda Leaks are based on a trove of 715,000 emails, charts, contracts, audits and accounts that was obtained initially by the Platform to Protect Whistleblowers in Africa (PPLAAF), an anti-corruption charity whose work with key witnesses helped topple the South African leader Jacob Zuma. The trove was then shared with the ICIJ. |
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