Isabel dos Santos, the daughter of Angola's former president, is estimated to be worth over $2 billion. Documents obtained by and shared with The New York Times show how Western consultants helped her take a cut of her country's wealth.
Isabel dos Santos, the daughter of Angola's former president, is estimated to be worth over $2 billion. Documents obtained by and shared with The New York Times show how Western consultants helped her take a cut of her country's wealth.
Dos Santos is now facing a corruption investigation and years in prison if she's convicted. But that global network of consulting firms has already helped her put the bulk of her fortune abroad, in tax and secrecy havens where it will be hard to pry loose.
Isabel dos Santos, the daughter of Angola's former president, is estimated to be worth over $2 billion. Documents obtained by and shared with The New York Times show how Western consultants helped her take a cut of her country's wealth.
1/3: Want to better understand the #GI_ACE research priority around the international architecture that enables high-level #corruption? Check out this article on "How U.S. Firms Helped Africa’s Richest Woman Exploit Her Country’s Wealth":
Ugh. McKinsey at it again, this time in Angola. They seem to be found as enablers just about wherever corrupt elites are plundering developing/emerging economies.
#corruption in rich and poor countries is a big #globalhealth issue. medics and public health folks don't know what to do about it. And consulting Cos are in the middle of it. Hoping the phenom #Angola case will be turning point. #uhc
How U.S. Firms Helped Africa’s Richest Woman Exploit Her Country’s Wealth #angola #africa
Should it come as a surprise that #BCG , #McKinsey & others are knee deep: via
A detailed look into how the underwater bulk of the iceberg works today. Highlights: The power of #DNFBPs & the counterbalancing power of transparency and the press. #AML
👉🏿The shoes! 👉🏿Of course I should be shocked at how @PwC facilitated the systematic looting of a country with one of the highest child mortality rates in the world. 👉🏿But the only thing I’m shocked by are Mr Dos Santos’ shoes.
Here's a good deep dive into the many sketchy ways that Angola's Isabel dos Santos made her estimated US$2 billion net worth, and the various US consulting firms that helped her along the way
Is it time to update the Foreign Corrupt Practices Act to prevent US firms from doing business with corrupt foreign entities? “How U.S. Firms Helped Africa’s Richest Woman Exploit Her Country’s Wealth”