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Angola: German State-owned Bank Fined for Angolan Loan Exposed in Luanda Leaks
International Consortium of Investigative Journalists, 11 September 2021
KfW-Ipex-Bank, an import-export bank, had loaned more than $55 million through an Angolan bank to a brewery controlled by Isabel dos Santos. Read more »
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Africa: Luanda Leaks and the Politics of Anti-Corruption
ISS, 31 January 2020
It's clear to just about everyone but herself that Angola's Isabel dos Santos became Africa's richest woman not through hard work and business acumen, but mainly through all the… Read more »
German Bank Fined for Angolan Loan Exposed in Luanda Leaks
German authorities have imposed a U.S.$178,000 fine on state-owned KfW-Ipex-Bank for facilitating loans to an Angolan brewery linked to Isabel dos Santos, the eldest daughter of the country's former president José Eduardo dos Santos. Frankfurt prosecutors said that the subsidiary of Kreditanstalt für Wiederaufbau (KfW) violated German anti-money laundering laws. The deal was first reported by the International Consortium of Investigative Journalists and its German media partners in 2020 as part of the Luanda Leaks investigation into the insider deals that made dos Santos once Africa's richest woman.
A leaked trove of financial and business records revealed the inside story of how Isabel dos Santos, once Africa's wealthiest woman, moved hundreds of millions of dollars in public money out of Angola companies and subsidiaries, many of them in offshore secrecy jurisdictions around the world. The Luanda Leaks details two decades of insider deals that made Dos Santos rich and left oil - and diamond-rich Angola one of the poorest in the world.
InFocus
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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 »
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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 »
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Isabel dos Santos, at one time the wealthiest woman in Africa, must surrender a stake in the Portuguese energy company Galp worth an estimated U.S.$500 million, an international ... Read more »
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Sindika Dokolo, who was married to Angolan businesswoman Isabel dos Santos - the daughter former Angolan president Édouardo dos Santos - has died in Dubai. Dokolo ... Read more »
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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 ... 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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Billionaire businesswoman Isabel dos Santos has stepped down from the board of Angola's flagship mobile phone operator Unitel, citing "a climate of permanent conflict" among the ... Read more »
