Dan Gertler

Gertler is an international businessman and billionaire who is alleged to have amassed his fortune through hundreds of millions of dollars’ worth of opaque and corrupt mining and oil deals in the Democratic Republic of the Congo (DRC). Gertler is suspected of having used his close friendship with DRC President Joseph Kabila to act as a middleman for mining asset sales in the DRC, requiring some multinational companies to go through Gertler to do business with the Congolese state. As a result, it is alleged that between 2010 and 2012 alone, the DRC reportedly lost over $1.36 billion in revenues from the underpricing of mining assets that were sold to offshore companies linked to Gertler. The failure of the DRC to publish the full details of one of the sales prompted the International Monetary Fund to halt loans to the DRC totaling $225 million. In 2013, it is alleged that Gertler sold to the DRC government for $150 million the rights to an oil block that Gertler purchased from the government for just $500,000, a loss of $149.5 million in potential revenue. Gertler is also suspected as having acted for or on behalf of Kabila, helping Kabila organize offshore leasing companies. [1] [2]

Information

IDENTIFYING INFORMATIONBusinessman
DATE OF BIRTH23.12.1973
PLACE OF BIRTHTel Aviv, Israel
NATIONALITY(1) Israel (2) Democratic Republic of the Congo
COUNTRY OF RESIDENCEIsrael
FULL NAMEDan Gertler
FIRST AND MIDDLE NAME(S)Dan
ALIASESNone
FAMILY MEMBERSUnknown
FAMILY MEMBERS SUBJECT TO SANCTIONSNone
SUSPECTED OR CONFIRMED LINKS TO LEGAL ENTITIESMoku Mines D’or SA, Moku Goldmines AG, Fleurette Energy I B.V., Fleurette Africa Resources I B.V., African Trans International Holdings B.V., Fleurette African Transport B.V., Oriental Iron Company SPRL, Iron Mountain Enterprises Limited, Sanzetta Investments Limited, Almerina Properties Limited, Interlog DRC, Kitoko Food Farm, Karibu Africa Services SA, and Ventora Development Sasu., International Diamond Industries., Zuppa Holdings Limited., Gertler Family Foundation (a.k.a. La Fondation Famille Gertler), Fleurette properties Limited, Africa Horizons Investment Limited. [1]
ESTIMATES OF ASSETS FROZEN OR CONFISCATEDUnknown
ESTIMATES OF ASSETS RETURNEDNone
SANCTIONS REGIMESUS Global Magnitsky Sanctions. [1]
START OF SANCTIONS21.12.2017 [1]