EUROPEAN COMPANIES CONNECTED TO ILLEGAL DRC TIMBER

On 18th March, OCCRP reported that 10 European companies trading in timber have sourced $2.26 million of wood from a company engaged in illegal logging in the Democratic Republic of the Congo, according to a report from Global Witness.   The findings are especially worrying because most of the world’s second-largest tropical rainforest is in the DRC, said the report.  The report tracks the logging of a concession owned by Industrie Forestière du Congo (IFCO), a timber trader which operates 2 concessions in the Congo Basin forest.  It claims that IFCO bought those concessions from Cotrefor, a logging company long accused of illegal logging, alleged to be controlled by financiers of Hezbollah.

https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/9392-european-companies-connected-to-illegal-drc-timber

ifco

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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