Thread by @NewsHawksLive

As they say, crime doesn't pay.
Isabel dos Santos, ex-Angolan president Eduardo dos Santos's daughter, once Africa's wealthiest woman, must surrender one of her last remaining major assets — a lucrative stake obtained in a controversial deal exposed by ICIJ's 2020 #LuandaLeaks.

Dos Santos, at one time the wealthiest woman in Africa, must surrender one of her last remaining major assets, a stake in the Portuguese energy company Galp worth an estimated $500 million, an international tribunal in the Netherlands has ruled.

An international tribunal ruled that the billionaire and her late husband corruptly obtained a lucrative stake from the state oil company Sonangol.

In its 2020 Luanda Leaks
investigation, the International Consortium of Investigative Journalists revealed that dos Santos and her husband Sindika Dokolo had obtained the stake for just a US$15 million initial deposit, in a controversial deal made with Angola’s state oil company.

The deal “cannot be explained but for grand corruption by the daughter of a head of state and her husband,” the tribunal ruled, declaring it “null and void.” The ruling, made public last week, was first reported by Dutch newspaper and ICIJ partner, Het Financieele Dagblad.

Luanda Leaks reporting showed how insider deals, political connections and an army of Western enablers helped dos Santos amass a fortune. The exposé revealed how the billionaire and her allies benefited from lucrative deals in diamonds, telecoms, banking and real estate.