CONGO LAUNDROMAT? HOW THE SON OF THE PRESIDENT OF REPUBLIC OF CONGO, APPEARS TO HAVE STOLEN OVER $50 MILLION OF STATE FUNDS TO FUND HIS LAVISH LIFESTYLE

Global Witness on 6th August carried reports saying that Denis Christel Sassou-Nguesso, the son of Republic of Congo’s President, apparently stole over $50 million from the Congolese treasury to fund his luxurious lifestyle.  The money was funnelled through 6 European countries, the US and the BVI, Global Witness reveals in a new investigation.  It also says that a  key role was played by José Veiga, a controversial businessman who is the target of a Portuguese probe into corruption and money laundering in Congo.  The reports claim, amongst other things, that $70 million of Congolese public funds through a network of at least 10 shell companies set up in Cyprus, Estonia and Spain, and the money was spent in Poland, Portugal, Spain, Switzerland and UK, according to a police report.

https://www.globalwitness.org/en-gb/press-releases/luxury-loving-congo-presidents-son-received-over-50-million-from-public-treasury/

https://www.globalwitness.org/en-gb/campaigns/corruption-and-money-laundering/sassou-nguessos-laundromat-a-congolese-state-affair-part-ii/

https://www.globalwitness.org/en-gb/blog/how-following-tainted-public-money-congo-led-me-heart-europe/

congo

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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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