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Ex-Glencore trader Anthony Stimler turns on colleagues in Africa bribery case
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Corrupt oil trader turns on colleagues in massive Africa bribe case
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Corrupt Oil Trader Turns On Colleagues in Massive Africa Bribe Case
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By Len Port
More information has emerged about the business activities of Isabel dos Santos, this time claiming that despite her corrupt reputation she was able to count on advice from three of the world’s largest consulting firms.
The extent of Isabel dos Santos’ reported corruption is astounding and it continues to be examined by the International Consortium of Investigative Journalists (ICIJ) as well as government authorities.
With new evidence from its Portuguese partners at the
Expresso newspaper and SIC television, ISIJ has reported that the Boston Consulting Group, PwC, and McKinsey & Company each pocketed tens of millions of dollars for advising Ms dos Santos on running her business empire.
Banking documents reveal consulting giants’ cash windfall under Angolan billionaire Isabel dos Santos
Boston Consulting Group, PwC, and McKinsey made tens of millions from a project to modernize state-owned oil company Sonangol, despite red flags indicating corruption. February 15, 2021
Three of the world’s largest consulting firms received tens of millions of dollars in payments from an obscure firm in Dubai to help restructure Angola’s corruption-ridden oil sector, according to documents that reveal new details about suspicious money flows described in the globe-spanning Luanda Leaks investigation.
The Dubai firm, Matter Business Solutions, forwarded $31.2 million to Boston Consulting Group, $21.4 to PwC and $15.4 million to McKinsey as part of a 2017 project to modernize Sonangol, Angola’s state-owned oil company, according to bank statements and other documents seen by the Portuguese news outlets Expresso and SIC.