The Democtratic Republic of Congo has lost $1.5 billion in revenues through potentially corrupt and opaque practices in oil and minerals extraction deals facilitated by offshore tax havens, according to activist-campaigner Global Witness (GW) in a report released this week.
The report insists revelations from the Panama Papers leak, in which 11.5 million files hosted by Panama law firm Mossack Fonesca containing details of offshore accounts, companies and beneficiaries were laid bare, are noteworthy in view of imminent presidential elections in the DR Congo.
GW
