Lisbon — Isabel dos Santos, Africa’s richest woman and the daughter of former Angolan President José Eduardo dos Santos, said she did nothing wrong when she was chair of state-owned oil company Sonangol and called a probe into the transfer of millions of dollars from the Luanda-based firm Political Vengeance.

Angolan newspaper Novo Jornal reported on October 18 that Angola’s prosecuting authority started a criminal investigation into the transfer of $38m from Sonangol authorised by Dos Santos. Her successor at Sonangol, Carlos Saturnino, accused Dos Santos of authorising the transfer to a company in Dubai last year days after she was dismissed as chair. Saturnino was sacked in May...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now