https://en.sputniknews.africa/20250119/drc-launches-investigation-of-315-million-embezzlement-from-state-miner-gecamines-report-says-1070252546.html
DRC Launches Investigation of $315 Million Embezzlement From State Miner Gecamines, Report Says
DRC Launches Investigation of $315 Million Embezzlement From State Miner Gecamines, Report Says
Sputnik Africa
The investigation into the embezzlement of more than $315 million in advance tax payments not received by the Treasury from Gecamines will be based on the... 19.01.2025, Sputnik Africa
2025-01-19T15:55+0100
2025-01-19T15:55+0100
2025-01-19T15:55+0100
sub-saharan africa
democratic republic of the congo (drc)
mining
central africa
taxes
waste
arrest
court
justice
copper
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DRC Justice Minister Constant Mutamba ordered the Public Prosecutor's Office of the Kinshasa Court of Appeal to open a judicial investigation into those responsible for the embezzlement of over $315 million in advance tax payments from state-owned cobalt and copper mining company Generale des carrieres et des mines (Gecamines) between 2012 and 2020, as revealed in a report by the General Inspectorate of Finances (IGF), the country's public finance watchdog, according to a statement issued by the Ministry of Justice and obtained by Radio Okapi.The Congolese Ministry of Justice reportedly confirmed that the 2020 IGF audit report highlighting suspicious financial transactions and management practices that did not meet standards, triggered legal proceedings and the involvement of international mechanisms to find those responsible for the alleged embezzlement.International arrest warrants have been issued for those involved, though no names have been publicly released.
democratic republic of the congo (drc)
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democratic republic of the congo (drc), mining, central africa, taxes, waste, arrest, court, justice, copper
democratic republic of the congo (drc), mining, central africa, taxes, waste, arrest, court, justice, copper
DRC Launches Investigation of $315 Million Embezzlement From State Miner Gecamines, Report Says
Elizaveta Roschina
Writer/Editor
The investigation into the embezzlement of more than $315 million in advance tax payments not received by the Treasury from Gecamines will be based on the results of an audit conducted by the Inspector General of Finance in 2020, DRC's Ministry of Justice said in a statement released to media.
DRC Justice Minister Constant Mutamba ordered the Public Prosecutor's Office of the Kinshasa Court of Appeal to open a judicial investigation into those responsible for the embezzlement of over $315 million in advance tax payments from state-owned cobalt and
copper mining company Generale des carrieres et des mines (Gecamines) between 2012 and 2020, as revealed in a report by the General Inspectorate of Finances (IGF), the country's public finance watchdog, according to a statement issued by the Ministry of Justice and obtained by Radio Okapi.
The Congolese Ministry of Justice reportedly confirmed that the 2020 IGF audit report highlighting suspicious financial transactions and management practices that did not meet standards, triggered legal proceedings and the involvement of international mechanisms to find those responsible for the alleged embezzlement.
International
arrest warrants have been issued for those involved, though no names have been publicly released.
"To date, international arrest warrants have been issued for the defendants and sent to the judicial authorities of several countries for their arrest," read the statement.
