Audio By Carbonatix
Democratic Republic of Congo has launched a probe into the embezzlement of over $300 million from state miner Gecamines between 2012 and 2020, the justice ministry said in a statement on Saturday.
Gecamines, which holds minority stakes in several of the world's largest copper and cobalt projects, has long been dogged by accusations of corruption made by non-governmental organisations and opposition politicians.
Congo's public finances watchdog, the General Inspectorate of Finances (IGF), found in 2022 that more than $400 million in tax advances and loans that Gecamines said it paid to the national treasury could not be found.
It said in a report at the time that the missing $413 million were presumed to have been misappropriated and that auditors would continue their investigations.
Gecamines has consistently denied wrongdoing. It did not immediately respond to a request for comment on Saturday.
The IGF had also found in a separate audit on the finances of Congo's central bank that Gecamines had embezzled advance tax payments worth around $315 million between 2012 and 2020.
Congo's justice ministry said in a statement on Saturday that it had instructed the public prosecutor to open a court case against those responsible for the "misappropriation of public funds" flagged by the IGF.
It said there would be a particular focus on the embezzlement of advance tax payments worth around $315 million between 2012 and 2020.
"International arrest warrants have been issued for the accused and forwarded to the judicial authorities of several countries for their arrest," the statement said, without citing any names.
Latest Stories
-
Power restoration fault suspected in Kumasi Central Market fire
54 minutes -
The 7-foot giant of Ngleshie Amanfro: Seven-foot Ghanaian Ephraim Saawa dreams of joining the national basketball team
2 hours -
Government promises support for Kumasi Central Market fire victims
2 hours -
Vibes The Movie: Big Ghun’s Ghanaian film earns five nominations at 2026 REFFA
2 hours -
MamaCare CEO warns unresolved conflicts among health workers could undermine maternal and neonatal care
3 hours -
Health professionals urged to translate medical knowledge into practice to save mothers
3 hours -
Conflicts among care providers linked to maternal, neonatal deaths – Expert
4 hours -
GIS marks 10th TIME conference, champions improved teaching practices
4 hours -
BRICS Or Balance? What Ghana’s bid really means
5 hours -
GPRTU wants full TRAFFITECH-GH implementation to start in 2027
5 hours -
Mahama announces plans to import electric wheelchairs for PWDs
5 hours -
KGL U17 Colts 2026: Western beat Prempeh Elite Academy to set up final final with Greater Accra Region
5 hours -
Late Solanke strike salvages 10-man Spurs draw at Man United
6 hours -
Gender Ministry to monitor welfare of Nana Akua Addo’s children amid domestic violence case
6 hours -
Benedict Okyere Yeboah: Ghana’s football problem goes beyond sacking a coach
6 hours