14-07-2025
Gertler, a ‘King' in Congo, Describes Mine Payments in Arbitration Testimony
An arbitration decision seen by Bloomberg describes Israeli billionaire Dan Gertler's testimony about how he won rights to lucrative Congolese natural resources, made previously undisclosed payments to one of the former president's associates, and held and sold stakes in ventures on behalf of him and local partners.
The non-public decision revolves around a dispute between Gertler and two former investors. But the document also details for the first time, in his own words, how he paid an associate of the Democratic Republic of Congo's former president to distribute money in local communities, making Gertler 'a king in Congo,' at the same time as he amassed a vast portfolio of mining and oil assets.
