Hezbollah and Israel s richest were both welcome at a DRC bank russiaherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from russiaherald.com Daily Mail and Mail on Sunday newspapers.
Hezbollah and Israel’s Richest Were Both Welcome at a Congo Bank Bloomberg 27/02/2021
(Bloomberg)
2018 was a good year for Afriland First Group SA, a Switzerland-based company that oversees a network of banks across Africa.
In his opening comments to the annual report for the year, Paul Fokam, the group’s chairman and one of Cameroon’s wealthiest men, highlighted the “challenge of being ethical and compliant while creating value.” He asked readers to bear in mind that “we are in a battlefield where only alertness, flexibility, and perseverance can ensure sustainable victory.”
Little mention was made in the report’s 83 pages of one of the group’s star performers though, its unit in the Democratic Republic of Congo, a vast central African nation rich in natural resources including diamonds, cobalt and copper. While deposits across Afriland’s subsidiaries increased 17%, a PwC audit seen by Bloomberg shows that in Congo, accounts swelled nearly fivefold tha
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Gertler’s lawyers were informed of this in a private letter. According to the letter, the sanctions imposed on Gertler starting in December 2017 would officially remain in place, but would be effectively suspended for a year. The sanctions had barred Gertler from conducting any business in U.S. dollars.
Working on Gertler’s behalf were attorney Alan Dershowitz, who had defended Trump during his first impeachment proceeding, and former FBI director Louis Freeh. Dershowitz and Freeh were both formally registered to lobby the U.S. government on the Israeli’s behalf.