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German Police Raid Bank Over Loan to Angolan Brewery

Police seized files from the headquarters of Germany's state-owned export bank following allegations that bank employees misappropriated public funds when granting a $55 million loan to the brewery of Angolan billionaire Isabel dos Santos, according to German news organisations. The raid followed the Luanda Leaks investigation by the International Consortium of Investigative Journalists.

Angola: German Police Seize Bank Records in Luanda Leaks Brewery Probe

International Consortium of Investigative Journalists, 5 June 2020

Police searched the headquarters of a state-owned bank as part of a criminal investigation into a $55 million loan to a brewery owned by Isabel dos Santos. Read more »

InFocus

Angola President Turns Screws on Corruption

President João Lourenço has since coming into office in 2017, led a crackdown on corruption in his administration and key economic sectors, including oil and mining. ... Read more »
- Angola: Angola's President Says 'No Negotiations' With Dos Santos
- Africa: Luanda Leaks and the Politics of Anti-Corruption
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 ... Read more »
- Angola: Global Companies Find Themselves Ensnared in Angolan Corruption Case
- Angola: Leaked Documents Destroy Reputation of Isabel Dos Santos
Africa's Richest Woman Denies Corruption Allegations

Isabel dos Santos, daughter of Angola's former president, has denied claims that she presided over corruption during her tenure as head of state oil firm Sonangol made by the ... Read more »
- Angola: Isabel dos Santos Denies Allegations of Graft at Oil Firm
The Luanda Leaks - How Africa's Richest Woman Built Her Empire

A leaked trove of financial and business records reveals the inside story of how Isabel dos Santos, Africa's wealthiest woman, moved hundreds of millions of dollars in public ... Read more »
- Angola: Is Anti-Corruption Drive Real or Cosmetic?
- Angola: Calls for International Investigation of Isabel Dos Santos's Wealth

Will Fitzgibbon/ICIJ

Sodiba’s beers at the Miami Beach Bar in Luanda.

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