Foreign Affairs
Ten Maltese companies used as vehicles to steal millions of dollars of public funds in Angola

At least 10 Maltese companies were used by Isabel dos Santos, the most affluent women in Africa, for the purpose of stealing hundreds of millions of dollars from public funds.

From an investigation carried out by the International Consortium of Investigative Journalists, (the ICIJ), it transpired that dos Santos and her husband have stakes in more than 400 companies and their subsidiaries in 41 countries, including Malta, the Netherlands and British Virgin Islands. It turns out that dos Santos distributed the money she stole from public entities in Angola, to these secret jurisdictions.

The ICIJ explained that from a leak of more than 715 000 documents it results that there are major shortcomings in the regulatory systems around the world, which inter alia enabled companies to offer services to the most powerful people in the world without any scrutiny.

Isabel dos Santos is the daughter of former dictator of Angola – a country full of natural resources. Dos Santos referred to these allegations as false saying they were motivated by the Angola Government. Dos Santos is being investigated by the authorities in Angola on allegations of corruption and her assets have been frozen.

Other News
Foreign Affairs

Two persons died when the train they were on got derailed close to the town of Wallan. The high-speed train was travelling between Sydney and Melbourne. A number of passengers…

Foreign Affairs

American rapper Pop Smoke has been killed during what seems to have been a robbery at his home. Bashar Jackson, 20, was at his home in Hollywood,  Los Angeles when…

Foreign Affairs

Can you imagine yourself remaining conscious during an operation? And playing a musical instrument into the bargain?! This is exactly what Dagmar Turner did when she was undergoing a brain…

Foreign Affairs

Two passengers on a cruise liner under quarantine in Japan have died after being infected with the coronavirus Covid-19. The local media stated that both Japanese citizens were in their…

View More