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Dan Gertler’s Fleurette Group to Reimburse Congo $2 Billion

Dan Gertler is currently under personal sanctions from a number of countries including the U.S. imposed several years ago.

Dan Gertler

Dan Gertler

The $2 Billion, taken by Dan Gertler’s Fleurette Group is set to be recovered by the Democratic Republic of Congo. The company is currently under a mountain of international sanctions for having allegedly cheated Congo out of a fortune from its mining and oil assets.

Congo has announced that it will soon reach an agreement with Fleurette Group to recover oil and mining assets valued at more than $2 billion “as well as a substantial part of the Kamoto Copper Company royalties,” this according to sources cited by Bloomberg. But so far Dan Gertler’s office has refused to comment on the matter.

Congo is Not for Sale, a coalition of NGOs trying to fight corruption in the country, called the news a good “first step,” but continued to decry Dan Gertler. “For years we have been screaming loud and clear that Congo has already lost billions due to deals with Dan Gertler and it will only get worse if nothing is done,” it said in a statement.

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Dan Gertler is currently under personal sanctions from a number of countries including the U.S. The sanctions, which were originally implemented during Donald Trump’s Presidency, came as a result of what the U.S. Treasury Department said were deals which cheated the people of Congo out of $1.3 billion in mining revenues. He was also accused of being a party to human rights abuses in the country.

Dan Gertler was one of 13 people who were hit with sanctions which were imposed on December 21, 2017. The Treasury Department stated that these people were a party in some way to serious human rights abuse and corruption around the world.

Then Secretary of the Treasury Steven T. Mnuchin stated at the time, “Today, the United States is taking a strong stand against human rights abuse and corruption globally by shutting these bad actors out of the U.S. financial system. Treasury is freezing their assets and publicly denouncing the egregious acts they’ve committed, sending a message that there is a steep price to pay for their misdeeds.”



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