Global Firms Find Themselves Ensnared in Angolan Corruption Case

As he faces charges of misusing more than U.S.$1 billion in state funds, the husband of Angolan billionaire Isabel dos Santos defended himself by pointing to the couple's accounting firm, PricewaterhouseCoopers (PwC). The global accounting firm, battling to distance itself from a financial scandal engulfing Africa's richest woman, Dos Santos, was auditing the books of Angola's state oil company during a period that is now under criminal investigation. PwC is reported to have launched an internal investigation into its dealings with Dos Santos. McKinsey and Boston Consulting Group are also implicated.

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(File photo).

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