What next for Africa's richest woman?
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 24 January 2020
⏱️ 17 minutes
🧾️ Download transcript
Summary
Isabel dos Santos faces charges in her native Angola. The daughter of the former long-time president is accused of corruption after a leak of documents. Ed Cropley, former Reuters sub-Saharan Africa bureau chief, discusses what could happen next. Mark Hays from the campaign group Global Witness explains why the role of international banks and accountants in the scandal shouldn't be a surprise. Tom Keatinge from the Royal United Services Institute, a think tank, argues that countries like the UK have made some progress in tackling money laundering.
(Photo: Isabel dos Santos in 2018, Credit: Getty Images)
Transcript
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| 0:00.0 | Hello and welcome to Business Daily from the BBC. I'm Manuela Saragossa. Coming up, what next for Africa's |
| 0:07.7 | richest woman, Isabel Dos Santos, the daughter of Angola's former president? She's been charged with |
| 0:12.9 | money laundering and corruption in her home country. Isabel is not too big to fail. She's almost too big |
| 0:19.5 | to nail in a funny way. |
| 0:26.6 | And what do the charges against Mr. Santos tell us about how the international financial system deals with allegations of corruption? |
| 0:29.2 | Sometimes industries like to say that this is too complicated, it's too difficult or complex, |
| 0:33.7 | to do the kind of due diligence required on these kinds of suspicious transactions. |
| 0:38.2 | But many of these situations had patent red flags. |
| 0:41.7 | That's all here in Business Daily from the BBC. |
| 0:48.5 | Earlier this week, the BBC and other news outlets reported allegations of corruption against |
| 0:54.0 | Isabel Dos Santos, the daughter of Angola's former president. |
| 0:58.2 | Leaked documents showed she'd made her fortune, estimated at $2 billion, through exploiting the wealth of her own country. |
| 1:06.0 | Prosecutors in Angola have now called on Ms. Dos Santos to return to her country and face potential criminal |
| 1:11.7 | charges. But she says the allegations against her are entirely false and that they're part of a |
| 1:16.9 | politically motivated witch hunt by the Angolan government. Here's what she told the BBC. |
| 1:22.1 | Angolan authorities have embarked on a very, very selective witch hunt. Now, when you look at my track record and you see the work I have done, look at all the |
| 1:32.0 | companies I have built, most certainly my companies are commercial companies. |
| 1:36.8 | You cannot just say, because you're someone's child, you're immediately guilty. |
| 1:43.5 | Isabel Dos Santos, their daughter of the former Angolan Prime Minister Eduardo Dos Santos, |
| 1:48.6 | who ruled the country for nearly four decades. Prosecutors in Angola are now seeking to recover |
| 1:54.0 | $1 billion from her and her associates. She's been provisionally charged with money laundering, |
| 1:59.8 | influence peddling, harmful management and the forging of documents. |
... |
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