Portuguese Government Investigating Reports Exposing Shady Dealings Of Billionaire Daughter of Angola’s Ex-President

Riyaz Patel

Portuguese authorities have started investigating media reports concerning Angolan billionaire Isabel dos Santos.

Lisbon’s action follows increased scrutiny of Angola’s former first daughter after amassing a fortune estimated at more than $2 billion during her father Jose Eduardo’s decades-long presidency.

A spokesman for Portugal’s prosecutor’s office said it would investigate reports about dos Santos, while the central bank said in a statement it had asked Eurobic bank about transfers between Angola and Dubai, following the same reports.

Both institutions said they would take appropriate action if needed, without giving any details.

“This is not simply a story about Angola. It’s a global story,” Oxford University professor Ricardo Soares De Oliveira told the International Consortium of Investigative Journalists (ICIJ).

The central bank statement, the prosecutor’s office and Eurobic all referred to hundreds of thousands of files about dos Santos dubbed the “Luanda Leaks” – obtained by the ICIJ and