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