Israeli Billionaire Dan Gertler Under Probe Over $222 Million Loan To Congo

This article was published on: 12/25/19 2:10 PM

Dan Gertler

Israeli billionaire Dan Gertler is under probe by Congolese prosecutors who are investigating a 200-million-euro ($222 million) line of credit  a company he owns issued to state mining company Gecamines.

Two sources at the Democratic Republic of Congo’s prosecutor’s office and two at the presidency, speaking on condition of anonymity, told Reuters that the investigation was focused on possible money laundering and fraud related to a loan issued in October 2017 by Gertler’s Fleurette Group.

According to a report by Haaretz, both Gecamines and Gertler have faced corruption allegations from watchdog groups over the past decade related to the sale of mining assets in Congo, which, despite copious mineral resources, is one of the world’s poorest countries.

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