The enigmatic
Isabel dos Santos, arguably the most famous and infamous person in modern Portuguese
history, has certainly had her ups and downs. Life for her now seems to be at
an all time low and it is difficult to see what she can do about it.
The incumbent
government in her homeland, the former Portuguese colony of Angola, which was returned
to power in the general election in August this year, wants to finally put her
behind bars for alleged corruption on a grand scale. As in Angola, the
Portuguese authorities have frozen all her assets in major companies here. The
Netherlands has done the same. Her reputation in the United States is such that
she has been banned from entering the country.
Things
became all the more serious last week when Interpol issued a red notice asking
global law enforcement agencies to locate and provisionally arrest her pending
extradition, surrender or similar legal actions.
This 49-year-old
widow with three children is believed to be living in exile in the United Arab
Emirates, though sometimes making visits to Lisbon and London. She had managed
the stakes in her Lisbon companies for 12 years before immediately closing all
operations when her assets were frozen in June 2020.
It is
claimed she is now hiding from justice. She insists she is not and points out
that she has always turned up on time when requested for questioning by the
government’s investigative lawyers in Lisbon. She believes she is being politically
persecuted, the victim of false
conspiracy assertions.
Despite
this, she declared she would consider running for president in Angola’s general
election in August. “I want to serve my country,” she said from an undisclosed
location in a video interview with the German news organisation Deutsche Welle.
That was a strange statement as Angola is the one place above all others she
needs to steer clear of as she would be arrested on arrival for allegedly
causing vast losses for the oil producing yet economically struggling nation.
With dual
citizenship in Angola and Russia, it might be possible for Isabel dos Santos to
go to Russia as a last ditch place to live in exile and avoid arrest, trial and
likely long-term imprisonment.
Born in the
former Soviet Republic of Azerbaijan, Isabel was educated in England, opened a
restaurant in Angola in her early twenties and went on to create a business
empire as an investment entrepreneur, thus becoming Africa’s wealthiest woman
with assets worth billions of dollars.
Her life was
complicated at an early age when her father, former Angolan President José Eduardo dos Santos, divorced her Russian mother, Tatiana, in 2002. Her
mother took Isobel to England to attend an all-girls school in Kent and later to
complete an electrical engineering degree at King’s College, London. Her mother died in
2020. Her father, who had met Tatiana while
he was studying as a young man in Azerbaijan, went on to become Angola’s
president and dictator from 1978 to 2017. He married again at least twice and
Isobel was the eldest of his 10 children. Her husband died in the United Arab Emirates
in 2020. Her father died in Spain in July this year.
She has
repeatedly denied allegations of embezzlement and money laundering, including charges
in 2020 that she and her husband had stashed a billion dollars worth of Angolan
state funds into their own companies while her father was president. She claims
this is all false information, conspiracy lies invented by and on behalf of her
father’s successor, Joao Lourenco, who has served as president since 2017.
Much of
Isobel dos Santos’ alleged criminal behaviour has been exposed by the
International Consortium of Investigative Journalists (ICIJ) in their ‘Luanda
Leaks’ and subsequent ‘Pandora Papers’ documents.
The total
value of her frozen assets is not clear. Nor is how much she has left to live
on. One thing is clear, however: money does not always buy happiness.