These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. The photo speaks to an image that Isabel dos Santos, the former first daughter of Angola, has spent years cultivating—that of an inspirational self-made woman whose glamour and foresight is matched only by her beneficence. Some, wittingly or unwittingly, helped enable the corruption. The Luanda Leaks, a major investigation published today by Quartz and dozens of other news organizations, in association with the International Consortium of Investigative Journalists ICIJ , reveal how dos Santos made much of her money through insider deals, preferential loans, and sweetheart contracts, all fueled by public money.
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Angola's Isabel dos Santos to pay $340 mln in damages by French court
Isabel dos Santos - Wikipedia
Another blow to Angolan businesswoman Isabel dos Santos after French court rejected an appeal by her company Vidatel on Monday. The court decision relates to the decrease in the value of PTV shares in telecommunications company Unitel. If Vidatel has no money, one can eventually try to disregard Vidatel's collective personality and go after Isabel dos Santos personally to pay that debt". Targeted in the "Luanda leaks", documents showed how she got access to lucrative land, oil, diamond and telecoms deals when her father was president. They also show how Western firms helped her take her money out of Angola. She has also faced a personal tragedy after her husband died in a diving accident in Dubai at the end of October.
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Isabel dos Santos: Africa's richest woman 'ripped off Angola'
But her wealth is the subject of mounting scrutiny. F rom the terrace of the Miami Beach club, the sand stretches down to the Atlantic ocean. Waves lap the long shoreline of the Ilha de Luanda.
Leaked documents reveal how Africa's richest woman made her fortune through exploiting her own country, and corruption. Isabel dos Santos got access to lucrative deals involving land, oil, diamonds and telecoms when her father was president of Angola, a southern African country rich in natural resources. The documents show how she and her husband were allowed to buy valuable state assets in a series of suspicious deals. Ms Dos Santos says the allegations against her are entirely false and that there is a politically motivated witch-hunt by the Angolan government. The former president's daughter has made the UK her home and owns expensive properties in central London.