McKinsey, Boston Consulting Group and PwC received payments from a company implicated in the alleged looting of Angola’s state-owned oil company by Isabel dos Santos, Africa’s richest woman and daughter of the former president, according to an investigation by the International Consortium of Investigative Journalists.
The global consulting firms worked with a Dubai-based company linked to Ms dos Santos that received $115m from Sonangol at the same time as she chaired the state oil producer. The payment to the firm, Matter Business Solutions, was one of a series of schemes used by the Angolan billionaire to divert hundreds of millions of dollars in state funds to offshore bank accounts linked to her and her husband, the Congolese art collector Sindika Dokolo, the ICIJ said.
The allegations stem from a trove of 715,000 confidential emails, charts, contracts, audits and accounts that was initially obtained by the Platform to Protect Whistleblowers in Africa, an anti-corruption charity, and shared with the ICIJ and 36 media partners around the world.
The full original article can be found at ft.com