Angola Made Her Africa’s Richest Woman, But the Tide Has Turned
Bloomberg 2 hrs ago
(Bloomberg)
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half-empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed.
All of the businesses are controlled by Dos Santos, who Angolan prosecutors accuse of causing more than $5 billion of losses to the southwest African nation’s economy during her father’s 38-year rule. He stepped down in 2017, making way for longtime ally Joao Lourenco. Within months, Lourenco turned on the family, firing Isabel as chairwoman of state oil co
Angola Made Her Africa’s Richest Woman, But the Tide Has Turned
Bloomberg 3 hrs ago
(Bloomberg)
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half-empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed.
All of the businesses are controlled by Dos Santos, who Angolan prosecutors accuse of causing more than $5 billion of losses to the southwest African nation’s economy during her father’s 38-year rule. He stepped down in 2017, making way for longtime ally Joao Lourenco. Within months, Lourenco turned on the family, firing Isabel as chairwoman of state oil co
Isabel dos Santos. Image: Nuno Coimbra
A year after Angolan authorities cracked down on her multibillion-dollar business empire, Africa’s once-richest woman is watching it crumble.
From self-imposed exile in Dubai, Isabel dos Santos has been fighting a legal battle against Angola’s government as court orders roil her companies. In Luanda, shelves at the Candando supermarket stores are more than half empty. A beer factory south of the capital is running at 30% of its production capacity. Operations at the country’s biggest cement maker have also slowed.
All of the businesses are controlled by Dos Santos, who Angolan prosecutors accuse of causing more than US$5-billion of losses to the southwest African nation’s economy during her father’s 38-year rule. He stepped down in 2017, making way for longtime ally Joao Lourenco. Within months, Lourenco turned on the family, firing Isabel as chairwoman of state oil company Sonangol. Two years later, authorities froze her domestic a
Allianz Malaysia joins Rasuah Busters in combat against corruption
Published
Modified2:20 am
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Allianz Malaysia Berhad (Allianz Malaysia) today announced its collaboration with the Rasuah Busters movement empowering local communities to reject corrupt practices.
The first insurers to officially join the movement, the Company also revealed its #RasuahBusters. Kami anti rasuah slogan that it hopes will embolden its employees to reject all forms of graft.
Allianz Malaysia Chief Executive Officer Zakri Khir said that the time is now for corporates and individuals to be empowered to demand greater accountability from those in positions of power. Corruption exists in every society and industry, including insurance. While we have always been undeterred in our pursuit of good governance, that is guided by principles of transparency, integrity, and accountability. As a Company, we can always do better, said Zakri.
19 Apr 2021 / 22:42 H.
KUALA
LUMPUR: Malaysians should stop glorifying leaders who are facing court cases for graft Malaysian Anti-Corruption Commission (MACC) Deputy Chief Commissioner (prevention) Datuk Seri Shamshun Baharin Mohd Jami (
pix) says.
“Personally I find it rather odd that those found guilty of graft are still exalted by Malaysians,“ he said during the launch of the collaboration between Allianz Malaysia Berhad and The Rasuah Busters movement today.
Shamshun Baharin also pointed out some netizens like to make allegations about corruption on social media.
But when MACC tries to take their statements to investigate the matter, they have nothing to say.