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Angola: Switzerland Freezes Angolan Tycoon's $900 Million Fortune
International Consortium of Investigative Journalists, 28 August 2020
Carlos Manuel de São Vicente, the former CEO of a company with a lucrative government monopoly to insure Angola’s oil sector, had his bank accounts frozen on… Read more »
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Angola: Sonaecom Ditches Partnership With Dos Santos in Portuguese Telco NOS
International Consortium of Investigative Journalists, 27 August 2020
Embattled businesswoman Isabel dos Santos has lost joint control of NOS, Portugal’s $1.82 billion leader in the so-called ‘quad play’ market of internet, TV,… Read more »
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Angola: European Banking Regulator to Probe Luanda Leaks' Allegations
International Consortium of Investigative Journalists, 20 July 2020
European lawmakers have demanded the regulator assess "whether there were breaches of either national or EU law, and to assess the actions taken by financial supervisors." Read more »
Europeans Clamp Down on Angolan Business Empires
Business empires grown by Angolans during the rule of former President José Eduardo dos Santos are facing crackdowns in Europe, reports the International Consortium of Investigative Journalists (ICIJ). Swiss authorities have frozen nearly $900 million belonging to an Angolan business executive with ties to successive presidential regimes, says Will Fitzgibbon, while Isabel dos Santos, Dos Santos's daughter, has lost joint control of a leading Portuguese company in the internet, TV, fixed and mobile telephony market, writes Douglas Dalby. It was revealed in July that the European Banking Authority would probe revelations contained in Luanda Leaks, an investigation led by the ICIJ, into how billionaire businesswoman Dos Santos made her fortune.
InFocus
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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 »
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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 »
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Charged with stealing U.S.$500 million from the Sovereign Wealth Fund and transferring it to a bank account in Switzerland, José Filomeno dos Santos is the first member of ... Read more »
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The fallout from the 'Luanda Leaks' scandal continues to reverberate across the continent, Legalbrief writes. In the latest development, a Portuguese hacker has taken ... Read more »
The "Luanda Leaks" generated exposes by the International Consortium of Investigative Journalists.
