Angolan authorities set to recover billions of dollars of Angolan public money embezzled by Isabel dos Santos and Sindika Dokolo.
After dos Santos transferred $38 million to her family’s business which Mr. Konema Mwenenge managed for them in Dubai, several documents were revealed showing their money looting act. The following are some of the evidence found.
Thanks to Jose Eduardo dos Santos, Isabel dos Santos’s father, who gave his daughter every Angolan public benefit that in her early 30s, she had got luxury apartments worth millions of dollars for herself in Lisbon and London. And on weekends, she would move to Paris to taste different things.
The President’s daughter had several businesses under her. She had major shareholdings in energy, real estate, banking, and more. In fact, she had Nova Cimangola, the largest Angolan cement-producing company, in her control. Not to mention Angolan’s public contracts, which her father directs to her always.
In 2013 dos Santos joined the billionaire group and later was listed as one of the world’s richest on Forbes. At this time, she was the youngest African woman on the Forbes list.
Her husband, whom she married in 2002, joined her in the course with her husband’s high school friend Mr. Mwenenge. Mr. Mwenenge does the management work for couple’s businesses while they act as the hidden shareholders.
A change in power in 2017 in Angola led to a change in the atmosphere that Mr. Mwenenge’s associates’ secrets were revealed to the public. This started when the new President sacked dos Santos from the Angolan oil seat. After a few hours, when she was sacked, a huge amount of about $38 million transfer was sent to one of her companies which Mr. Mwenenge manages in Dubai.
And when there was a call to give a reason for the transfer, all dos Santos said was that the transfer was legitimate due to a service provided to Sonangol (Angolan Oil Company) and denied all other wrongdoing. Mr. Mwenenge’s associates were backed by their US lawyer Sullivan and Urquhart that their wrongdoing claims have some political intent.
The Angolan officials also accused Mr. Mwenenge’s associates of a $1 billion inflation of contracts awarded to them by the former President.
In 2013, journalist Rafael Marques and writer Kerry A. Dolan published an article in Forbes magazine to show the world that all of dos Santos’ riches are from the Angolan Public funds. To counter this, dos Santos and her husband hired an expert Public relator from Portugal to counter their bad publications.
With all accusations and money looting, Mr. Mwenenge’s associates, Isabel dos Santos and Sindika Dokolo’s assets in Dubai were frozen by the Angolan authorities after sending a letter to the United Arab Emirates authorities. The Angolan authorities aim to recover the billions of dollars looted by the couple.