Browsing: Isabel dos Santos

The daughter of Angola’s longtime former president accumulated riches through embezzlement and money laundering, an Angolan court claims. To recover what was looted, the government froze her assets. Then Portuguese authorities followed suit.

Eight years ago, Forbes declared Isabel dos Santos the richest woman in Africa, worth an estimated $3.5 billion. The daughter of Angola’s longtime former president grew immensely wealthy in a textbook case of how to loot a country.

Leaked documents suggest that Isabel dos Santos, Africa’s richest woman and daughter of Angola’s former president, siphoned hundreds of millions of dollars of Angolan government money.
However, dos Santos has dismissed the so-called Luanda Leaks, obtained by journalists’ organisation ICIJ and released on Sunday, as “witch-hunt” meant to discredit her and her father.

Al Jazeera’s Alexi O’Brien explains.