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Luanda Leaks: Meet Isabel dos Santos’ Husband Who is Clearing His Name from Fraud Allegation through Art

“Luanda Leaks”: Sindika Dokolo, the husband of the richest woman in Africa appears as the manager of a myriad of offshore companies suspected of having benefited from public funds.

Sindika Dokolo would like to speak only of the works of art he collects. A passion, of course, but also an ideal cover to hide other activities: large-scale diamond trading, acquisition of interests in oil companies, creation of breweries and cement factories …

At 47, this Danish businessman of Congolese origin orchestrates an empire and manages a fortune acquired largely thanks to his Angolan wife, Isabel dos Santos. She herself became a billionaire thanks to the favors of her father, José Eduardo dos Santos, the former president (1979-2017) of the second oil-producing country in sub-Saharan Africa.

Luanda Leaks: Isabel dos Santos' husband who saves himself through art

Always talkative to extol the emergence of the continent and the new generation of African oligarchs abroad, the heir couple is now suspected of having largely benefited from Angolan public funds.

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According to the “Luanda Leaks”, the latest investigation coordinated by the International Consortium of Investigative Journalists (ICIJ), they control, in whole or in part, as many as 450 companies – mostly offshore, registered in exotic jurisdictions attached to the secret, to guarantee their discretion and facilitate aggressive tax optimization.

Luanda Leaks: Isabel dos Santos' husband who saves himself through art

And what does it matter if these practices deprive Africa of more than 50 billion dollars (45 billion euros) of tax revenue each year, Mr. Dokolo assumes it:  “offshore is not a problem for me, because they are legal tools ,  he replies, when asked about the subject.

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Written by How Africa

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