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situation report

Mar 2, 2018 | 19:10 GMT

1 min read

Angola: Prosecutors Investigate Former Oil Executive For Corruption

Angolan prosecutors are investigating the former head of oil giant Sonangol and daughter of former Angolan President Jose Eduardo dos Santos, Isabel dos Santos, for irregular financial transfers, The Citizen reported March 2. Sonangol's new chief executive, Carlos Saturnino, said the company's previous finance director ordered a $38 billion transfer to a company in Dubai through a bank where Isabel was a director. Since coming to power, current President Joao Lourenco has taken measures to remove the former president's family members from positions of power, including Isabel. 

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