As Angola Accuses Billionaire Isabel Dos Santos Of Fraud, Her Empire Begins To Unravel

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As Angola Accuses Billionaire Isabel Dos Santos Of Fraud, Her Empire Begins To Unravel
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Isabel dos Santos amassed an empire worth more than $2 billion as the daughter of Angola’s former longtime president. Now it looks like that empire is beginning to crumble

, published articles based on the “Luanda Leaks”—a cache of some 700,000 documents related to Dos Santos’ allegedly corrupt business dealings that were released to the International Consortium of Investigative Journalists .

Dos Santos was appointed to head Angola’s state oil company, Sonangol, in 2016 when her father was still president of the country. , while Dos Santos was heading up Sonangol, she allegedly arranged for a transfer of $57 million on one day in November 2017 from Sonangol’s bank account to a Dubai company, Matter Business Solutions, run by Paula Oliveira, woman whoIt turns out that the Sonangol bank account from which the funds were transferred was a EuroBic account.

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