U.K. Fraud Unit Finds Bribe Network Behind World's Cobalt Hub
Michael J. Kavanagh, Bloomberg News BC-UK-Fraud-Unit-Finds-Bribe-Network-Behind-Worldâs-Cobalt-Hub , Bloomberg (Bloomberg) -- U.K. prosecutors have told Swiss authorities they have proof of an alleged money-laundering ring spanning from Africa to Europe that paid almost $380 million in cash bribes to authorities in the Democratic Republic of Congo. Companies repeatedly bribed officials to further their business interests in the mineral-rich nation, according to the Swiss court judgment that cited information from U.K. prosecutors. Congo...