Both were responding to concerns about the company’s shareholders, including Sonangol, which is the Angolan state oil company, and Exem Energy BV, a company owned by Dokolo, documents show. Had the jeweler been successful, he said, its shareholders would have made a fortune.De Grisogono declined to comment. It struggled to pay suppliers, virtually all of whom lost confidence in the jeweler, one senior manager at de Grisogono said.“I am stunned our top management did not foresee these problems,” Gruosi, de Grisogono’s founder and minority owner, complained in a 2015 email. He criticized the deal that put Dokolo in charge of the jewelry company and left Sodiam without a management role.“It is strange,” Bravo da Rosa said.

In October, she told the Portuguese news agency Lusa that she had received careful vetting to work with a number of entities, including “Consulting firms are subject to even fewer legal requirements to vet their clients than accountants. A “Without the assistance of these people, these corruption schemes and the money laundering that flows from that would be unable to happen,” Ben Cowdock, one of the researchers who worked on the report, told ICIJ.Some EU countries have tried to crack down. De Grisogono is mainly owned by Angola's state diamond firm and Mrs Dos Santos… Sodiam also awarded him a €5m success fee for brokering the deal, so he didn't have to use any of his own money.The documents reveal how Sodiam borrowed all the cash from a private bank in which Ms Dos Santos is the biggest shareholder.Sodiam has to pay 9% interest and the loan was guaranteed by a presidential decree from her father, so the bank cannot lose out.By the time Sodiam pays off the loans, it will have lost more than $200m, the firm's chief executive told Panorama.The Angolan government says the diamonds were sold at a knockdown price and sources told Panorama that almost $1bn might have been lost.Mr Dokolo's lawyers say he later invested $115m in De Grisogono and his company paid above the market rate for the raw diamonds.When João Lourenço took over as Angola's president in September 2017 he moved swiftly against the former first family, sacking Ms Dos Santos from Sonangol.According to International Consortium of Investigative Journalists, it was at this time Sodiam sought to sell its stake in De Grisogono.But no buyer could be found for the luxury brand, known for hosting parties at the Cannes Film Festival.If the Swiss authorities accept any bid for bankruptcy by De Grisogono the firm says 65 employees will lose their jobs.It was founded in the 1990s by Fawaz Gruosi, who made the brand famous with his bold and ornate designs.The BBC is not responsible for the content of external Internet sitesMr Obama depicts his successor as lazy and incompetent.

Sodiam says it is repaying Banco BIC but hasn’t recouped its investment in de Grisogono. But in an interview with BBC Africa, which asked several questions on behalf of ICIJ, dos Santos called the inquiry a “political persecution.”She accused the current Angolan government of targeting her family to distract attention from the country’s economic problems.

Leitão was unapologetic about spending big on parties. Professional firms have faced far less scrutiny.

Citigroup and Barclays declined to comment for this article.Banco Santander, a major Spanish bank, flagged dos Santos as a “politically exposed person” —  a term that applies to public officials and their family members — and refused to work with her, the documents indicate. Done properly, audits give public pension funds and other investors crucial insight into how companies are managed and whether it’s safe to invest in them.When accountants fail, the consequences can be catastrophic.Like the credit-rating agencies that gave high ratings to defective mortgage bonds sold by their Wall Street clients, the Big Four have gotten in trouble for putting profits ahead of their professional obligations.But because of their subsidiary role in the financial system and a regulatory burden that is less stringent than those of banks and other players, the accountants, for the most part, have managed to escape public notice.

Mr Trump says Mr Obama inflicted "horror" on the US.

According to XpatNation, Maria Victoria Henao/ Maria Isabel Santos Caballero and her children, lived a quiet life in an apartment in Argentina until word of their identity go out in 1999. These are external links and will open in a new window “What has been done with the money?”Help us change the world.

Dokolo also received a roughly $4 million “success fee,” drawn from the Angolan state money, for arranging the deal that left him in charge.The transaction worked like this: Sodiam and a Dokolo-owned shell, Records indicate that Sodiam, then under the influence of dos Santos’ father, initially supplied $45 million to buy off de Grisogono’s debt and acquire shares in the struggling jewelry company. Paris Hilton is one of the celebrities who has attended the De Grisogono parties at the Cannes Film Festival

“Isabel dos Santos is out and now it is up to the new board to show results in a short timeframe, or they will also lose credibility,” a source at an international oil company in Angola said. Isabel dos Santos created a shell empire to move tainted billions — lawyers, accountants and consultants made it possible.The dazzling ornament was a creation of de Grisogono, a Swiss luxury jeweler and the host of the exclusive event, held at the Hotel du Cap-Eden-Roc on the French Riviera.De Grisogono had thrown Cannes parties before. Banco BIC did not respond to questions.Dokolo disputes that figure, and has told media outlets that he recently filed a case against Sodiam in a London arbitration court accusing the state diamond company of destroying the value of his investment in de Grisogono.

The company racked up huge debts, including the loans from Sodiam, even as it continued to throw lavish parties at the Cannes Film Festival.