These charges relate to the period during which she was head of Sonangol Group, an oil and gas company. Isabel dos Santos has rejected the accusations, claiming she is the victim of a politically motivated persecution, and that her success had nothing to do with the fact that her father was president.
But according to reports from the International Consortium of Investigative Journalists, a whole network of lawyers, bankers and consultants helped Isabel dos Santos to hide her fortune abroad, estimated at two billion dollars. Companies like Boston Consulting Group, McKinsey and Company or PwC are embroiled in the affair.
The holding company of Isabel dos Santos and her husband, an art collector, businessman and jeweler, will suffer ramifications from the United States to Hong Kong via Malta and Luxembourg.
Angola has large reserves of oil and diamonds, but the country is often burdened by corruption and poverty.
