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Though it's hardly surprising that the daughter of 1 of Africa’s longest serving presidents enriched herself through rigged procurement processes- Isabel dos Santos' corruption is an important reminder that the global financial economy is a key enabler of corruption. #LuandaLeaks
The #LuandaLeaks by @PPLAAF & @ICIJorg show how dos Santos built a business empire with more than 400 companies & subsidiaries in 41 countries. Many of these countries are in known secrecy jurisdictions/tax havens like Malta, Dubai, Mauritius & Hong Kong.
icij.org/investigations…
@PPLAAF @ICIJorg Over the past decade, these companies got consulting jobs, loans, public works contracts & licenses worth billions of dollars from the Angolan government. The key facilitators of this included Big 4 auditing/consulting firms like @PwC, banks & law firms. #LuandaLeaks
@PPLAAF @ICIJorg @PwC Isabel dos Santos' father, José Eduardo dos Santos, is an MPLA veteran of the Angolan war of independence. He rose to power in 1979 & remained president till 2017. His presidency was characterised by endemic corruption involving the state owned oil company Sonangol. #LuandaLeaks
@PPLAAF @ICIJorg @PwC .@ICIJorg's website provides a great visual explainer which shows Angola's history from 1575. It shows how this kleptocracy came to be & how dos Santos' family has plundered the country from 1979.

icij.org/investigations…
@PPLAAF @ICIJorg @PwC Implicated in Isabel dos Santos' corruption are banks such as EuroBic & CitiGroup, consultants @BCG & @McKinsey, auditors @PwC and law firm Viera de Almeida. Together these firms helped legitimise/ mask dos Santos' corruption for a profit.
It is no surprise that lawyers, accountants, banks, consultancy & PR firms have played a role in this grand corruption, the same industry enabled #statecapture in SA. These professionals have become the constant for any state capture enterprise. #LuandaLeaks
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OpenSecretsZA
@OpenSecretsZA
Tax season has arrived & while SARS commissioner, Edward Kieswetter, has aptly reminded us all to pay our taxes. Why the focus on ordinary citizens when corporate tax avoidance/evasion amounts to over R7bn a year?

moneyweb.co.za/mymoney/moneyw…
According to 2 groundbreaking studies on corporate tax avoidance in SA, mining companies & financial service firms are the biggest culprits of tax avoidance. This should probably be unsurprising as these corporates are serial offenders in economic crime.
businesslive.co.za/fm/features/20…
Given consultancy firm, Bain & Co's disastrous restructuring of SARS which resulted in R100bn decline in tax revenue, corporate criminals should be high on SARS' agenda.
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Inner City Press
@innercitypress
Here is the UN briefing room for the noon briefing Inner City Press is banned from for the 566th day by UNSG @AntonioGuterres. It has submitted 10 questions to @UN_Spokesperson @StephDujarric, on #LuandaLeaks, #Honduras, #SriLanka, UN rapes - no answers. Thread
@antonioguterres @UN_Spokesperson @StephDujarric @MatthewLeeICP @FUNCA_info @silas_atefor @SomosAnticorrup @hondurassol @_heim01 @AdamShawNY @SaraCarterDC @kristina_wong @allimadi Banned Inner City Press asked, What are the comments and actions if any of SG Guterres on the #LuandaLeaks exposure of Isabel dos Santos of #Angola, & what of the repeated retweeting of Isabel dos Santos' denials by his close staffer Aguinaldo Baptista?
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Karol Cummins
@karolcummins
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TMV_Research
@TMV_Research
Her father Jose Eduardo dos Santos was to pay @billclinton $650,000 for a speech in 2016.
Cancelled due to ethics + it being elections.
The deal was being made through Hillary brother, Tony Rodham "2012 Tony was given all gold mining rights - Haiti"

(@HillaryClinton did not win)
In 2011 when her father was President on Angola, 32 billion dollars disappeared from the State owned oil company Sonangol
@BreitbartNews
@FoxNews
@IMFNews
@USAID
#Africa
#BigOil

business-humanrights.org/en/angola-32-b…
How many of these companies have donated to the Clintons and others.

I'm so sick of their corruption and death causing oil companies.

These ppl become billionaires and they leave the countries they pillage, dirt poor living in oil contaminated hell

icij.org/investigations…
Read 4 tweets
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The New York Times
@nytimes
Isabel dos Santos, the daughter of Angola's former president, is estimated to be worth over $2 billion. Documents obtained by @ICIJorg and shared with The New York Times show how Western consultants helped her take a cut of her country's wealth.
nyti.ms/2ujmtAP
@ICIJorg Dos Santos's empire profited off Angola's diamond exports, its dominant mobile phone company, its 2 biggest banks and more. Firms including the Boston Consulting Group, McKinsey & Company, and PwC facilitated her efforts while lending their legitimacy.
nyti.ms/2ujmtAP
@ICIJorg 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.
nyti.ms/2ujmtAP
Read 3 tweets
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Juha Keskinen
@MacFinn44
"Media find out how easily Putin’s cronies get UK Golden Visas. According to consultants, employees of the migration service are poorly trained and bypassing anti-corruption checks will be 'easy-peasy'”
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Chidi Odinkalu
@ChidiOdinkalu
Interesting things are happening in democratic participation & leadership replacement in #Africa. The trends are important. In two years, some of the most authoritarian & longest serving African leaders have gone in circumstances that the "experts" cldn't predict...
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