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She says she has no financial interest in Matter, but the leaked documents reveal it was run by her business manager and owned by a friend. Panorama understands that Matter sent more than 50 invoices to Sonangol in London on the day that she was fired. Ms Dos Santos appears to have approved payments to her friend's company after she was sacked. Although some consultancy work had been carried out by Matter, there's very little detail on the invoices to justify such large bills. This is often due to those expenses involving large amounts of paperwork Matter sitds produce documentary evidence Want some individual adult naughtys confirm all expenses incurred.

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She says she has no financial interest in Matter, but the leaked documents reveal it was run by her business manager and owned by a friend. Panorama understands that Matter wealtny more than 50 invoices to Sonangol in London on the day that she was fired. Ms Dos Santos appears to have approved payments to her friend's company after she was sacked.

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Although some consultancy work had been carried out by Matter, there's very little detail on the invoices to justify such large bills. This is often due to those expenses involving large amounts of paperwork Matter can produce documentary evidence to confirm all datkng incurred. They said: "All invoices paid were in relation to services contracted and agreed between the two parties, under a contract that was approved with the full knowledge and approval of the Sonangol Board of Directors.

Much of her fortune is based on her ownership of a stake in the Portuguese energy company Galp, which one of her companies bought from Sonangol in Under the generous terms of the loan, her debt to the Angolan people didn't have to be repaid for 11 years. Ms Dos Santos's company did offer to repay the Sonangol loan in She was fired six days later and the payment was returned by the new Sonangol management.

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Ms Dos Santos says she initiated the purchase of the stake in Galp, and that Sonangol made money from the deal as well. This investment is the investment that in history has generated the most benefit for the national oil company and all the contracts that were drafted are perfectly legal contracts, there are inn wrongdoings.

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The diamond connection It's a similar story in the diamond industry. Ms Dos Santos's husband, Sindika Dokolo, ed a one-sided agreement in with Angolan state diamond company Sodiam.

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Austrwlia were supposed to be partners in a deal to buy a stake in the Swiss luxury jeweller De Grisogono. But it was funded by the state company.

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The documents reveal how Sodiam borrowed all the cash from a private bank in which Un Dos Santos is the biggest shareholder. Who is Isabel dos Santos?

But the leaked documents show that she is described as a shareholder of De Grisogono by her own financial advisers. Mr Dokolo did put in some money later.

The oil connection

They say his company paid above the market rate for the raw sutes. The land connection The leaked documents also reveal how Ms Dos Santos bought land from the state in September Once again she only had to pay a small up-front fee. Her company bought a square kilometre of prime beachfront land in the capital Luanda with the help of presidential decrees ed by her father. Panorama traced some of the ordinary Angolans who were evicted to make way for the Futungo development.

Teresa Vissapa lost her business to Ms Dos Santos' development and is now struggling to bring up her seven children.

She said: dzting only ask God to make her think a little more about our situation. Maybe she doesn't even know it, but we are suffering. But it was not the only land deal involving Ms Dos Santos that displaced the local population.

About families were evicted from another stretch of the Luandan seafront after Isabel dos Santos got involved in another major datinv project. The families are now living in desperate conditions next to an open sewer. Some of their shacks are flooded with sewage whenever the tide rises. Ms Dos Santos says there weren't any evictions linked to her project and that her companies were never paid because the development was cancelled.

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The telecoms connection The billionaire has also made big profits austrapia the telecoms industry in Angola. It was granted a telecoms licence by her father in and she bought her stake the following year from a high ranking government official. But that's not the only way she got cash ausgralia the private company. The documents show Ms Dos Santos ed off on the loans as both lender and borrower, which is a blatant conflict of interest.

Ms Dos Santos denied that the loans were corrupt.

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She said: "This loan had both directors' approval and shareholders' approval, and it's a loan that will generate, and has generated, benefit for Unitel. Most of the companies involved in the dodgy deals were australis by ants working for the financial services company, Price Waterhouse Coopers PWC.

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It's made millions providing auditing, consultancy and tax advice to her companies. But PWC has terminated its relationship with the billionaire and her family, after Panorama questioned wmen way the company had assisted Ms Dos Santos in the deals that had made her rich. PWC says it is holding an inquiry into the "very serious and concerning allegations". Related Topics.