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Andrew Feinstein

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Gender Male
Age 60
Date of birth March 16,1964
Zodiac sign Pisces
Born Cape Town
South Africa
NationalitySouth African
Party African National Congress
Date of Reg.
Date of Upd.
ID1939929
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Andrew Feinstein Life story


Andrew Josef Feinstein is a former South African politician who currently resides in the United Kingdom.

Isabel dos Santos: Africa's richest woman "ripped off Angola"

Feb 16,2020 10:16 am

leaked documents reveal how Africa's richest woman her fortune by exploiting her own country, and corruption.

Isabel dos Santos got access to lucrative transactions with land, oil, diamonds-and telecommunications, in which her Father is President of Angola, a South African country was rich in natural resources.

The documents show how she and her husband were able to buy valuable state assets in a number of suspicious employees.

Ms Dos Santos said that the accusations against you are completely wrong, and that it is a politically motivated witch-hunt by the Angolan government.

the former President of The daughter has made the UK her home and has expensive Hotels in the centre of London.

it is already a criminal investigation have been frozen by The Authorities in Angola, corruption and their assets in the country.

Now BBC Panorama have access to More Than 700,000 leaked documents about the billionaire's business Empire.

Most of the goods through the platform for the protection of whistleblowers in Africa and, together with the (ICIJ).

you were examined by 37 media organizations, including The Guardian and The Portuguese newspaper Expresso.

Watch Thirty per cent of Angolans live in poverty on Less than $2 per day, and Andrew Feinstein , The Head of the corruption, says the documents show Ms Dos Santos is exploiting their Land at the expense of ordinary Angolans.

"every time she appears on The Cover of some glossy magazine somewhere in The World every time that you host one of their glamorous parties in The South of France, it is so by trampling on the aspirations of the citizens of Angola. "

The ICIJ called the documents of the Luanda-leaks.

The oil connectionOne of the suspect's business was run from London via a British subsidiary of the Angolan national oil company Sonangol.

Ms Dos Santos had the responsibility for the fight, Sonangol, in the year 2016, by a decree of the President from her Father Jose Eduardo dos Santos, who kept a firm grip on his country for 38 years he was in power.

But when he retired as President in September of 2017, their position was soon threatened, though his hand-picked successor came from the same party. Ms Dos Santos was dismissed two months later.

Many Angolans have been surprised at the way that President João Lourenço went after The Business interests of his predecessor's Family .

Getty image of Angola in numbers

29 million population

27-year civil war, fought from independence until 2002

$4,170 average income, but this masks big differences

30%of the population lives in poverty - on Less than $1. 90, - /day

2ndbiggest oil producer in Africa. Also a major diamond producer

source: World Bank , OpecThe leaked documents show that, as you approved on the left of Sonangol, Ms Dos Santos $58m for suspicious payments to a consulting company in Dubai matter of Business solutions called.

she says she has no financial interests in The Matter , but the leaked documents show, it was from your business manager and belongs to a friend.

Panorama understands that matter is sent, More Than 50 bills to Sonangol in London on The Day that she was fired.

Ms-Dos Santos seems to be company approved payments of a girlfriend, after she was discharged, because.

Although some consultations have been carried out, of The Matter , it is to justify the very little Details on the invoices, so large bills.

if You ask for €472,196 for an indefinite period expenses - other asks for $928,517 for unspecified services.

- Two invoices - each for €676,339. 97 - for exactly the same job on the same date and Ms-Dos Santos, they both signed the agreement anyway.

These are some of the bills, Isabel dos Santos attorneys for The Matter of Business signed in the last week in the case of Sonangol solutions to say, it was brought to the aid of restructuring of the oil industry in Angola, and that the invoices were for work already carried out, had been hired by other consulting companies.

"with Respect to the invoices in connection with expenditure, it is common for consulting companies to add expenses to invoices, as a General thing. This is often due to those expenses, the large amounts of paperwork. Matter can produce documentary evidence to confirm all costs. "

Ms Dos Santos's lawyers said their actions regarding The Matter , the payments were completely legitimate, and that they had not authorized the payments, after she had been discharged from Sonangol.

She Said : "All of the invoices have been paid, in respect of the contracted services and agreements between the two parties under a contract that was approved, with the full knowledge and consent of the Sonangol Board of Directors. "

The ICIJ and Panorama have also uncovered new details about the shops, ranging from Ms Dos Santos.

Much of their wealth based on their ownership of a stake in The Portuguese energy company Galp, which you bought from your companies of Sonangol in 2006.

The documents show, she had only 15% of The Price to be paid in advance and The Remaining €63m ($70m) was in a low-interest loan from Sonangol

Under the more favourable conditions of the loan, your debt to the Angolan people, which need not be repaid, for 11 years.

your share of Galp is now worth More Than €750.

Ms Dos Santos, The Company will offer to repay the Sonangol loan in 2017.

should offer The refund was rejected, as it is not almost €9m of interest due.

Bank orders, signed by Isabel dos Santos $58m transfer almost from the Angolan state oil company, But Ms Dos Santos was responsible for the Sonangol at the time, and they took The Money up to the complete payment of their own debts.

she was fired six days later, and the payment was returned by the new Sonangol-management.

Ms Dos Santos says she initiated the purchase of the stake in Galp, and that Sonangol money out of The Deal as well.

"There is absolutely no wrongdoing in any of these transactions. This investment is the investment that has been generated in the history, The Most benefit for The National oil company and all contracts are drawn up, are completely legal-contracts, there are no abuses of the system. "

their lawyers say that the counter-offer of payment in 2017 covered, what had given Sonangol, owed.

The Diamond -connectionIt is a similar story in The Diamond industry.

Ms Dos Santos, husband, Sindika Dokolo , signed a unilateral agreement in 2012 with the Angolan state diamond company, Sodiam.

they were supposed to be 50-50 partners in a business to buy a stake in The Swiss luxury jeweler De Grisogono.

But it was financed by The State society. The documents show that invested 18 months after The Deal , Sodiam had $79m in the partnership, while Mr. Dokolo had only $4m. Sodiam also, he received a £ 5m success fee for brokering The Deal , not to use he, any of his own money.

Isabel dos Santos and her husband Sindika Dokolo , can often be seen at film premieres and festivals with world stars, The Diamond deal is even worse for the Angolan people.

The documents show how Sodiam borrowed all The Money from a private Bank , in the Ms-Dos Santos is the biggest shareholder.

Sodiam to pay was say 9% interest and the loan is supplied by a decree of the President of your Father , so Ms-Dos Santos Bank does not lose.

Bravo da Rosa, the new chief executive of Sodiam, said Panorama had the Angolan people a single dollar out of The Deal : "in the end, when we are lost, finished repayment of this loan, Sodiam, More Than $200m. "

The former President also Ms-Dos Santos, to buy the husband The Right , of Angola gave raw diamonds.

Who dos Santos is Isabel ? Source: Forbes magazine and others

read more:

The Angolan government says that The Diamonds that were sold at a knockdown price, and sources told Panorama that could have almost $1 billion lost.

Ms Dos Santos told the BBC she could not comment because it was a shareholder of De Grisogono.

But the leaked documents show that it is described as a shareholder of De Grisogono, from your very own financial Advisor.

Mr Dokolo, need a bit of money later on. His lawyers say he invested $115m and the acquisition of De Grisogono was his idea. You say his company pays above the market rate for the raw diamonds.

The country connectionThe leaked documents also show how Ms-Dos Santos purchased The Land from The State in September 2017. You had to pay only a small up-front fee.

their company, bought a square kilometers of prime property directly on the beach in the capital Luanda with The Help of presidential decrees signed by her Father .

Angolan state oil company Sonangol has Set Up a subsidiary in London, where the suspect deals was The Contract says that The Land was worth $96m, but the documents show The Company paid only 5% to invest according to the approval, the rest of the development.



isabel dos santos embezzlement case, angola, corruption, isabel dos santos

Source of news: bbc.com

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