Conning the Congo

November 30, 2008

This new investigative report exposes another hidden aspect of export-driven resource extraction in the DRC and the neighboring 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.

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