STATE CAPTURE AND BRIBERY IN CONGO’S DEAL OF THE CENTURY

A report from The Sentry says that the China Railway Group and Sinohydro, 2 major Chinese construction companies, pledged more than a decade ago to help rebuild and expand infrastructure in the Democratic Republic of Congo (DRC) in return for a sizeable chunk of the country’s mineral wealth.  It refers to the largest-ever leak of African financial records and data, obtained by the Platform to Protect Whistleblowers in Africa (PPLAAF) and Mediapart and shared with The Sentry by PPLAAF and the European Investigative Collaborations (EIC) network.  The leak is said to reveal that the state enterprises used a middleman with accounts at the bank run by the president’s brother to pump tens of millions of dollars into the pockets of the Kabilas, their associates, and businesses at crucial junctures in what are known as the Sicomines agreements.

https://thesentry.org/reports/backchannel/

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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 View all posts by raytodd2017