Home News Finance US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President’s Daughter
FinanceNewsWorld

US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President’s Daughter

471
US Prosecutors Target Luxury Apartment Owned to Congolese Ex-President's Daughter

The US authorities are looking to forfeit a $7.1 million luxurious apartment bought with embezzled public funds by the Family of Congo’s Ex-President, a court document shows.

US federal prosecutors claimed in a court filing from March that Claudia Lemboumba Sassou Nguesso, the daughter of the long-serving and scandal-plagued president of Central Africa, Dennis Sassou Nguesso, used “funds embezzled from the state coffers” to buy the luxury apartment at Trump International Hotel & Tower.

However, the court document describes how a list of shell companies, allegedly owned by Sassou Nguesso, was used to launder millions of dollars out of the Republic of Congo.

A third of the money used to purchase the house for “personal enrichment” was siphoned from a $19.5 million geological mapping project subcontracted to Sebrit Ltd. This Cyprus-owned company was one of the shell companies used.

With kickbacks from mining, deals carried out through a British Virgin Islands company, the 5th and 7th President, Denis Sassou Nguesso, has captured a part of names on the Pandora papers leak, according to the ICIJ reports.

This forfeiture lawsuit follows an announcement of the financial crimes unit of the U.S. Treasury, FinCEN, which in February proposed a plan to flag “high-risk” transactions relating to real estate purchases via illicit funding.

Meanwhile, the US attorneys said the property has remained unoccupied since it was paid for in 2014 with embezzled public funds.

Read: EPL to Introduce Semi-Automated Offside Technology

About The Author

Written by
Mayowa Durosinmi

M. Durosinmi is a West Africa Weekly investigative reporter covering Politics, Human Rights, Health, and Security in West Africa and the Sahel Region

Related Articles

AFN relays
NewsSports

AFN Unveils World Relay Championship List, Amusan, Ofili to Run 4x100m

The Athletics Federation of Nigeria (AFN) has unveiled the squad to represent...

Chief Justice Gertrude Suspended
NewsWorld

Ghana’s President Mahama Suspends Chief Justice Gertrude Torkornoo Over Misconduct

Ghana’s President, John Mahama, has suspended Chief Justice Gertrude Torkornoo following some...

News

FACT CHECK: BBC Journalist Spreads Misinformation, Claims That Ibrahim Traoré Speech Addressing Security Volunteers is “Fake AI Video”

Collins Nabiswa, a Kenyan journalist working for ‘BBC Monitoring’ and ‘BBC Disinformation’...

EventsWorld

GWR: Tunde Onakoya Crowned New World Record Holder For Longest Chess Marathon

Nigerian chess player Tunde Onakoya has officially been recognised by Guinness World...