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DRC: $750 million mining revenue embezzled-Report

DRC: $750 million mining revenue embezzled-Report

Democratic Republic Of Congo

An explosive report has unveiled the looting of mineral resources of the Democratic Republic of Congo.

As the first African producer of copper, the country according to the group Global Witness, has suffered a loss of at least $750 million in three years, between 2013 and 2015.

These amounts represent approximately 30% of the mining income of the DRC, the largest global supplier of cobalt.

Corruption and bad management has been cited as the cause of these diversions. The diverted money according to the NGOS, would have been able to be used for health, education or infrastructure.

In this investigation of the Extractive Industries Transparency Initiative, Global Witness questions the control of tax officials who are suspected of not sending the real amounts to the public treasury.

In this embezzlement, the Group also cites the role of mafia networks connected to Congolese president President Joseph Kabila.

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