06 Dec 2016
The United Kingdom Serious Fraud Office is investigating Israeli billionaire Dan Gertler over mining deals in the Democratic Republic of Congo (DRC).
The DRC is home to some of the world’s largest deposits of copper and cobalt, and its mineral potential is estimated at $24tn (£16.9tn) – the size of the US and European GDPs combined.
The UK body, which investigates and prosecutes serious and complex fraud, is pursuing its three-year investigation into Eurasian Natural Resources Corporation (ENRC), a Kazakh-based mining company. ENRC withdrew from the London Stock Exchange’s FTSE 100 in 2013 amid allegations of corruption.
Alongside four former Eurasian Natural Resources Corporation executives, Gertler is under investigation in relation to the company’s acquisition of copper and cobalt mining projects in the DRC, according to reports.
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