Isabel dos Santos buys mansion valued at 13 million euros

Isabel dos Santos buys mansion valued at 13 million euros

José Eduardo dos Santos's daughter bought the property in Kensington, one of the most luxurious areas of the British capital, says the British newspaper The Times

Isabel dos Santos, holder of Africa's eighth largest fortune, has acquired a mansion valued at $15 million (13.4 million euros) in Kensington, one of London's most luxurious areas, a situation that has caused the wrath and outrage of the neighbors, according to The Times .

The daughter of former Angolan President Jose Eduardo dos Santos has already been authorized by the City of London to demolish the property and build a four-story mansion in its place with an underground pool complex.

The 46-year-old Angolan businesswoman also plans to install a hot tub, a wine cellar, a massage room and a safe in the West London Kensington mansion. Plans that are provoking the anger and indignation of the neighbors of this prime area of the city. One resident said the proposal approved by the London City Council is "creating resentment and division within the community."

"Isabel dos Santos is the daughter of former Angolan President, José Eduardo dos Santos, and has faced accusations of having benefited from her father's help to make a fortune in a country rich in oil and diamonds," says the British newspaper, which further states that Isabel dos Santos "owns a fortune valued at almost £2 billion" (€ 1.7 billion), accumulated during the period when her father ruled Angola (38 years).

The research journalism site Finance Uncovered reveals that the mansion was paid in cash through a limited company based on the Isle of Man, a tax haven. The revelation that Isabel dos Santos owns a luxury London mansion is beginning to raise widespread concerns about the source of her wealth.

The Angolan businesswoman was "refugee" in London when she was notified by the Angolan Attorney General's Office (PGR) on 17 July 2018 as part of an inquiry about her management at Sonangol.

PGR had notified Isabel dos Santos to provide clarifications on her management as chairman of the board of the Angolan state oil company Sonangol.

Former Sonangol board chairman Carlos Saturnino accused Isabel dos Santos of non-transparently spending $ 135 million (120 million euros) on consultancy as well as authorizing a transfer of $ 38 million (EUR 33 million) to Dubai-based Matter Business Solutions DMC, one day after its dismissal