Home Accidents ‘Africa’s richest woman’ Isabel dos Santos faces fraud charges

‘Africa’s richest woman’ Isabel dos Santos faces fraud charges


Isabel dos Santos, Africa’s richest woman and the daughter of Angola’s former President José Eduardo dos Santos, has been named a formal suspect in a criminal investigation.

According to the reports, the well-known businesswoman was involved in money laundering and mismanagement at the time she chaired the state-owned oil company, Sonangol.

The accusations were landed after the publication of Luanda Leaks, an investigation by the Guardian and other media led by the International Consortium of Investigative Journalists.

“Isabel dos Santos is accused of mismanagement and embezzlement of funds during her tenure at Sonangol and is thus charged in the first instance with the crimes of money laundering, influence peddling, harmful management … forgery of documents, among other economic crimes,” prosecutor general Helder Pitta Gros announced.

After her father stepped down as the national leader following 40 years in office, the woman left Angola.

Besides Dos Santos, the law-enforcers also accused four of her associates.


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