Isabel dos Santos’ Diamonds and Husband

Isabel dos Santos, the billionaire daughter of the Angolan president, is the main beneficiary of the diamond trade in Angola. This involves simple arrangements in Angola, and more sophisticated ones abroad. Forbes magazine recently published an article in which this author investigates the partnership set up by Isabel dos Santos, through her husband Sindika Dokolo, and the Angolan state for the acquisition of the Swiss jeweller De Grisogono. This brand is known to be the favorite choice of movie stars and fashion celebrities including Sharon Stone and Heidi Klum. Maka Angola expands on this investigation and puts it in context. On February 27, 2012 a Maltese-registered company, Victoria Limited, acquired 72.5 percent of De Grisogono Holding S.A. The shareholding soon increased to 75 percent. A press statement by De Grisogono founder Fawaz Gruosi at the time when the shares were sold said the deal was worth more than US$100 million. […]

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Isabel dos Santos Pockets Forbes

U.S.-based business publisher Forbes has formed a partnership with a company controlled by Isabel dos Santos, daughter of the Angolan President, to publish a new magazine edition for Portuguese-speaking African countries. Forbes Portuguese Africa will be a joint venture with ZAP, a company in which Ms. Dos Santos has a 70 percent shareholding. Last August, Forbes published information revealing that the President’s daughter had acquired almost her entire Angolan fortune through corrupt means. The announcement comes almost a year after Forbes included Ms. Dos Santos on its list of Africa’s wealthiest people. It assessed her wealth at U.S. $3 billion, making her the richest woman on the African continent. The inclusion of Ms. Dos Santos on the list attracted criticism that Forbes was glorifying a woman who owed her fortune to the political influence of her father, President José Eduardo dos Santos. In response to that criticism, in August, Forbes […]

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Isabel dos Santos: Honour and Lies

Within days, Livia Locci, the public prosecutor for the Court of Turin in Italy, will decide on the merits of a complaint of defamation, lodged against three Italian journalists, by Isabel dos Santos, the firstborn daughter of the Angolan President José Eduardo dos Santos. As a citizen, Isabel dos Santos is, at all times, entitled to and ought to invoke the universal right to her honour and good name, wherever she is or feels unjustly treated. This right also extends to all citizens of Angola, who, by force of circumstances, have been governed by her father for the past 32 years. The present text deals only with the arguments presented by Isabel dos Santos to the Italian court which have a direct bearing on Angolan citizens, and which could be damaging to the country and the honour of the Angolan people. The Facts On July 15, 2007, the Italian newspaper, […]

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