Late Angolan leader Jose Eduardo dos Santos appointed family members to key economic jobs during his presidency.LUANDA - Critics of Angola's former president Jose Eduardo dos Santos, who died Friday, accused him of stripping the country of much of its vast oil wealth to enrich himself and his family.
He"privatised the state to benefit his family and a handful of associates," said investigative journalist Rafael Marques de Morais, who was highly critical of Dos Santos' alleged plunder.Known derisively as"the princess", 49-year-old Isabel was the public face of the Dos Santos business empire. She also held shares in Portuguese media giant NOS, while investing heavily in the banking sector, sitting on the boards of Banco de Fomento Angola, Banco BIC -- as well as its Portuguese affiliate -- and the market leader BFA.
She is being probed for a long list of crimes in Angola, including mismanagement, embezzlement and money laundering during her stewardship of the state-run oil giant Sonangol.Last year she was ordered to surrender a stake in the Portuguese energy company Galp worth an estimated $500 millionIn 2013, Jose Filomeno de Sousa dos Santos, nicknamed Zenu, was appointed by his father to head up a sovereign wealth fund. At 35, Filomeno was controlling the fund worth $5 billion.
Now in her mid 40s, she held different positions at TPA, a public broadcaster and led two tabloid-style print titles.
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Angolan Dos Santos' crumbling family business empire | The CitizenKnown derisively as 'the princess', 49-year-old Isabel was the public face of the Dos Santos business empire.
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