This new investigative report exposes another hidden aspect of export-driven resource extraction in the DRC and the neighbouring Republic of the Congo. Internal company documents obtained by Greenpeace International show how the German owned, Swiss-based logging multinational Danzer Group, one of the largest players in the Congo logging sector, is using an elaborate profit-laundering system designed to move income out of Africa and into offshore bank accounts, thereby appearing to evade tax p...read more
This new investigative report exposes another hidden aspect of export-driven resource extraction in the DRC and the neighbouring Republic of the Congo. Internal company documents obtained by Greenpeace International show how the German owned, Swiss-based logging multinational Danzer Group, one of the largest players in the Congo logging sector, is using an elaborate profit-laundering system designed to move income out of Africa and into offshore bank accounts, thereby appearing to evade tax payments in the countries in which its companies operate.