Authorities in Angola have recently compiled a list of at least 10 Maltese companies suspected of being involved in the alleged money siphoning activities of billionaire Isabel dos Santos.
As the daughter of the former President of Angola, dos Santos has come under intense scrutiny for her financial dealings, particularly with regards to the potential misappropriation of funds from state enterprises.
Notably, local financial services practitioners, including former PN MP Noel Buttigieg Scicluna, have been implicated in their association with dos Santos and the questionable origins of the funds channeled through Maltese companies under their management.
Noel Buttigieg Scicluna MP
Nationalist Party – Fifth Legislature (1982 – 1987)
The Times’ report on January 19th, 2020 shed light on this issue, revealing the intricate web of financial transactions that have raised suspicions of illicit activities. In particular, Ganado Advocates, a prominent law firm in Malta, has been linked to facilitating substantial fund transfers through companies connected to dos Santos and her husband.
Despite being aware of negative media coverage surrounding dos Santos’ assets in Malta, the firm proceeded with caution in light of a potential investigation, as evidenced by a leaked email.
https://timesofmalta.com/article/lisbon-freezes-bank-accounts-of-angolas-ex-first-daughter.770252
Interestingly, The Shift’s coverage of the legal battle involving dos Santos failed to mention Ganado Advocates’ role in providing legal representation and corporate services to the billionaire in Malta. This omission raises questions about the transparency and accuracy of the reporting.
https://nevillegafa.com/2024/10/08/the-shifts-coverage-of-isabel-dos-santos-legal-battle/
It remains to be seen whether The Shift deliberately overlooked this crucial detail for their own convenience or if it simply escaped their attention.
This site will delve deeper into the intricacies of this complex financial saga to provide a more comprehensive understanding of the situation at hand.