Congo Launches Probe into $300 Million Embezzlement Scandal at State Mining Company
2025-01-18
Reuters
The Democratic Republic of Congo has initiated a thorough investigation into the embezzlement of over $300 million from state-owned mining company Gecamines between 2012 and 2020. According to the justice ministry, the probe aims to uncover the extent of the financial mismanagement and corruption within the company. The move is part of the government's efforts to combat financial fraud and ensure transparency in the mining sector, a key industry in the country's economy. The investigation is expected to shed light on the alleged embezzlement and bring those responsible to justice, promoting accountability and good governance in the mineral-rich nation.
