Out of Africa: British tax havens and Congo’s missing $1.5 billion | Global Witness
▻https://www.globalwitness.org/en/reports/out-of-africa
While the vast majority of Congo’s population suffers from a lack of basic services, the state has sold off valuable mining assets at suspiciously low prices, losing the Congolese treasury hundreds of millions of dollars in crucial revenue in the process. This money has instead gone to a handful of anonymous companies, whose real owners are hidden under layers of paper companies, located in an offshore tax haven in the British Overseas Territories. The secrecy of the offshore business world which facilitated these deals allows corrupt politicians and businessmen and women to launder money, dodge taxes and strike suspect deals while keeping their identities secret.