New York-based fund FG Hemisphere is seeking to recover houses bought in the US for millions of dollars by Congolese businessman Francis Selemani, who is considered a close confidante of former
Touted as a new development model, the deal of the century set a terrible example on corruption, A scholar who delivers lectures on doing business in Africa has emerged as the lynchpin of a massive bribery scandal drawing in Chinese business magnates and some of its largest companies, including infrastructure and mining giants behind a US$6 billion deal of the century with Congo-Kinshasa.
BGFIBank allegedly played a central role in a years-long scam that allowed former DRC leader Joseph Kabila’s family and close associates to launder $243-million in public and suspect funds
The largest leak yet of financial documents in Africa reveals how at least $138m of government funds in the Democratic Republic of the Congo was laundered to former president Joseph Kabila’s relatives and associates. At least $2.4m was used to purchase properties in Johannesburg. The largest.