Isabel dos Santos made a fortune at the expense of the Angolan people, Luanda Leaks reveals.
- Two decades of unscrupulous deals that made Isabel dos Santos Africa’s wealthiest woman and left oil- and diamond-rich Angola one of the poorest countries on Earth.
- A web of more than 400 companies and subsidiaries in 41 countries linked to Isabel dos Santos or her husband, Sindika Dokolo, including 94 in secrecy jurisdictions like Malta, Mauritius and Hong Kong.
- How a cadre of Western business advisers moved money, set up companies, audited accounts, suggested ways to avoid taxes and turned a blind eye to red flags that experts say should have raised serious concern.
- Directed hundreds of millions of loans and contracts to her companies.
SShe spun a story the world wanted to believe: a self-made billionaire who had risen in a male-dominated business world in an African country ravaged by civil war and poverty.
In public appearances in the spring of 2017, Isabel dos Santos, then head of Angola’s giant state oil company, Sonangol Group, mingled with Hollywood legends on the French Riviera and charmed oil tycoons in Houston with tales of hard work and accomplishment. Wearing her trademark black blazer at the London Business School, the 44-year-old chairwoman told a packed audience that leaders should be chosen on their merits.
“I’ve been managing companies for a long time, starting them from small, building them up, going through every single stage of what it takes for a company to be successful,” she said.