Africa’s richest woman, Angola’s Isabel dos Santos, has been named as a formal suspect in a criminal investigation, the country’s attorney general is reported to have announced. Dos Santos amassed a fortune estimated at $2.2bn (£1.7bn) while her father, José Eduardo dos Santos, was president of Angola. She is battling allegations of corruption and nepotism following the publication of Luanda Leaks, an investigation by the Guardian and other media led by the International Consortium of Investigative Journalists. She denies all wrongdoing. The allegations against Dos Santos relate to suspected maladministration and misappropriation of funds during her 18-month term as chair of the nation’s state oil company, Sonangol, according to reports of a press conference given by the attorney general, Heldér Pitta Grós, in Luanda. Angola is the second largest oil-producing nation in Africa after Nigeria, and its state oil company is central to the economy, accounting for some 90% of exports. Alongside Dos Santos, Pitta Grós named a number of her associates. According to the Portuguese news agency Lusa, they are: Sarju Raikundalia, former Sonangol financial administrator; Mário Leite da Silva, manager of the company and chairman of the board of directors of Banco de Fomento Angola (BFA); Paula Oliveira,… Read full this story
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