Jews Raping Africa
Posted in the Brevard County Forum
#1 Mar 10, 2013
An Israeli haredi, Dan Gertler, has made the Forbes 29 Billionaires Under 40 [Years Old] list.
Gertler has $2.2 billion most of it from allegedly raping the Democratic Republic of Congo.
Forbes calls him "an emerging face of irresponsible capitalism in Africa."
What is Gertler known for? This:
Gertler, whose grandfather co-founded Israels diamond exchange in 1947, arrived in Congo in 1997 seeking rough diamonds. The 23-year-old trader struck a deep friendship with Joseph Kabila, who then headed the Congolese army and today is the nations president. Since those early days, Gertler has invested in iron ore, gold, cobalt and copper as well as agriculture, oil and banking. In the process, hes built up a net worth of at least $2.5 billion, according to the Bloomberg Billionaires Index.
Hes also acquired a roster of critics. Many of the governments deals with Gertler deprive Congos 68 million people of badly needed funds, according to the London-based anticorruption group Global Witness and lawmakers from Congo and the U.K., the countrys second-biggest aid donor after the U.S.
Dan Gertler is essentially looting Congo at the expense of its people, says Jean Pierre Muteba, the head of a group of nongovernmental organizations that monitor the mining sector in Katanga province, where most of Congos copper is located.
He has political connections, so state companies sell him mines for low prices and he sells them on for huge profits. Thats how hes become a billionaire.
In the eight months preceding November 2011 elections, in which Kabila won a second five-year term, companies affiliated with Gertler bought shares in five mining ventures from three state-owned firms, according to minutes of board meetings, company filings and documents published later. The state companies didnt announce the sales.
In at least three of the cases, prices paid were below valuations of the projects made by analysts at Deutsche Bank AG, London-based Numis Securities Ltd. and Oriel Securities Ltd. and Atlanta-based consulting firm Golder Associates Inc.
Gertler denies that he purchased companies at below-market rates or that any of his deals have involved kickbacks.
The lies are screaming to the heavens, he says
Congo has a history of making deals out of the public view. The International Monetary Fund this month halted a $532 million loan program with the country. The IMF said the government didnt adhere to its demand to publish the full details of a 2011 mining deal between a state-owned miner and a company that two people familiar with the matter say is affiliated with Gertler.
Congo will lose out on three loan disbursements worth a total of about $225 million, according to Oscar Melhado, the IMFs resident representative in Congo.
But you need not worry. Gertler is a very religious man:
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