An­gola in a clam­p­down

The Citizen (KZN) - - Business -

Is­abel dos San­tos has been named as a suspect in a probe over al­leged mis­man­age­ment dur­ing her time as chair­per­son of So­nan­gol, An­gola’s state oil com­pany, a po­si­tion she was ap­pointed to by her fa­ther, ex-pres­i­dent Jose Ed­uardo dos San­tos.

Four oth­ers were also named on state TV late on Wed­nes­day by the coun­try’s pros­e­cu­tor gen­eral, Helder Pitta Gros. One of the sus­pects, the di­rec­tor of pri­vate bank­ing at Lis­bon-based lender EuroBic, Nuno Ribeiro da Cunha, was found dead at his home in Por­tu­gal late on Wed­nes­day, Por­tuguese news­pa­per Jor­nal Eco­nomico said on its web­site. The in­quiry cov­ers the pe­riod that Dos San­tos served as chair of So­nan­gol, from June 2016 to Novem­ber 2017.

This comes af­ter the In­ter­na­tional Con­sor­tium of In­ves­tiga­tive Jour­nal­ists re­leased doc­u­ments show­ing how Dos San­tos built a multi­bil­lion dollar em­pire via mostly ques­tion­able deals in­volv­ing state as­sets dur­ing her fa­ther’s 38-year ten­ure. Ear­lier this month, a court in An­gola froze her as­sets and bank ac­counts.

Among those named by the pros­e­cu­tor are Mario Leite da Silva, an ex­ec­u­tive close to Dos San­tos and chair­per­son of Banco de Fo­mento An­gola, and Paula Olveira, owner of Dubai-based con­sult­ing firm Mat­ter Busi­ness So­lu­tions. –

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