After Kabilas 2019–
In June 2020, a court in theDemocratic Republic of Congofound PresidentFelix Tshisekedi's chief of staffVital Kamerheguilty ofcorruption. He was sentenced to 20 years' hard labor, after facing charges ofembezzlingalmost $50m (£39m) of public funds. He was the most high-profile figure to be convicted of corruption in theDRC.[17]However, Kamerhe was released already in December 2021.[18]
In November 2021, ajudicial investigationtargeting former presidentJoseph Kabilaand his associates was opened inKinshasaafter revelations of allegedembezzlementof $138 million.[19]
Corruption Perceptions Index[edit]
Year Score Rank 1 2017 21 161[20] 2 2018 20 161[21] 3 2019 18 168[22] 4 2020 18 170[23] 5 2021 19 169[24] 6 2022 20 166[25] The table above shows how theDemocratic Republic of the Congofared in six successive years ofTransparency International's ranking of 180 countries in theCorruption Perceptions Index. Countries are scored on a scale from 0 ("highly corrupt") to 100 ("very clean") and then ranked by score; the country ranked first is perceived to have the most honestpublic sectorand the country ranked 180th is perceived to have the most corruptpublic sector.
China play the smart long game that nearly cost all Victorians with the road and belt back door takeovers! These are perfect candidates for them to exploit.
Let's see how bothered DRC and China are with these ICSID proceedings. At the end of the day it is theft to allow an overseas company to continue to explore and define a resource without adequate compensation, but I guess that's what they call country risk.
Just never imagined it could turn into such a mess and the possibility of losing everything. Don't want to see my investment wiped out, but can't see a positive outcome unless the DRC president steps in to seek a resolution. Failing to do so, will show his hand as to with who he stands in this dispute.
Any possibility of seeking support from Canberra as Australia have diplomatic representation based in Zimbabwe, another questionable country!
