வள விஷயங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from வள விஷயங்கள். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In வள விஷயங்கள் Today - Breaking & Trending Today

U.K. Fraud Unit Finds Bribe Network Behind World's Cobalt Hub


Michael J. Kavanagh, Bloomberg News
BC-UK-Fraud-Unit-Finds-Bribe-Network-Behind-World’s-Cobalt-Hub
, Bloomberg
(Bloomberg) U.K. prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo.
Companies repeatedly bribed officials to further their business interests in the mineral-rich nation, according to the Swiss court judgment that cited information from U.K. prosecutors. Congo is Africa’s biggest producer of copper and supplies about 70% of the world’s cobalt, a critical input for the batteries that power electric vehicles.
The $379 million that was allegedly siphoned off in bribes over a five-year period is more than Congo’s total spending on health care last year. According to the World Bank, about one of every six people living ....

Bruxelles Capitale , Elisabeth Caesens , Joseph Kabila , Tribunale Penale Federale , Dan Gertler , Serco Group Plc , Uk Serious Fraud Office , World Bank , Switzerland Federal Criminal Court , Democratic Republic , Saharan Africa , Western Europe , Federal Criminal Court , Fraud Office , President Joseph Kabila , Resource Matters , Big Test , Ministere Public , Canton De Geneve , Cour Des Plaintes , Tribunale Penale , ப்ரூக்ஸெல்ஸ் தலைநகரம் , ஜோசப் கபிலா , டான் ஜெர்ட்லர் , செர்கோ குழு ப்ல் , இங்கிலாந்து தீவிரமானது மோசடி அலுவலகம் ,

DRC stares at $3.7b loss in skewed mining deals


The East African
Monday May 24 2021
A worker drives a fork-lift past a machine pouring a mixture of copper and cobalt in a bag at the STL (Société pour le traitement du terril de Lubumbashi) processing plant in Lubumbashi. PHOTO | AFP
Summary
Kinshasa has already lost out on nearly $2 billion in revenue by selling mining and oil assets to an Israeli billionaire, according to a coalition of Congolese and international organisations.
Advertisement
Democratic Republic of Congo leader Félix Tshisekedi is seeking a review of some mining contracts with foreign companies as a lobby warns that the country will potentially lose at least $3.7 billion in skewed mining and oil deals with controversial Israeli billionaire Dan Gertler. ....

United States , Democratic Republic Of The Congo , United Kingdom , Bruxelles Capitale , Zhu Jing , Democratic Republic Of The General , Lake Albert , Prime Minister , Jean Claude Mputu , Martin Fayulu , Jean Pierre Okenda , Emmanuel Ramazani Shadary , Felix Tshisekedi , Peter Pham , Sama Lukonde , Joe Biden , Emmanuel Umpula , John Magufuli , Joseph Kabila , Dan Gertler , Kofi Africa Progress Panel , First Quantum Minerals , Us Treasury Department , Barrick Gold Corp , Eurasian Resources Group , Glencore Plc ,