Isabel dos Santos

Isabel dos Santos, Africa’s richest woman has been charged with fraud which took place during her stewardship of state-owned oil firm Sonangol.

Angola’s billionaire former first daughter Isabel dos Santo’s has been charged in the southern African country with money laundering and mismanagement during her stewardship of state-owned oil firm Sonangol, the Angolan prosecutor general announced on Wednesday.

Hundreds of thousands of files about dos Santo’s were obtained by the International Consortium of Investigative Journalists (ICIJ) and released by several news organizations on Sunday, dubbed the “Luanda Leaks”.

They allege the daughter of ex-president José Eduardo dos Santos plundered state coffers to build her fortune, estimated at $2.1 billion (€1.82 billion).

“Isabel dos Santo’s is accused of mismanagement and embezzlement of funds during her tenure at Sonangol and is thus charged in the first instance with the crimes of money laundering, influence peddling, harmful management…forgery of documents, among other economic crimes,” prosecutor general Helder Pitta Gros told a news conference late Wednesday.