A national of the Democratic Republic of the Congo and 12 entities linked to him were slapped with sanctions by the United States Treasury on Monday for allegedly providing support to blacklisted Israeli mining tycoon, Dan Gertler.
Alain Mukonda is accused by the US Treasury of opening bank accounts for Gertler and making 16 cash deposits totalling between $11m and $13.5m into proxy bank accounts for him and a close associate of his.
The US imposed sanctions on Gertler and over 30 of his businesses in 2017 and 2018.
It accused him of using his friendship with former DR Congo President Joseph Kabila to corruptly secure lucrative mining deals.
“The subsequent underpricing of those assets cost the DRC more than $1.36bn in lost revenues between 2010 and 2012,” said the Treasury.
Gertler denies he engaged in corrupt practices.
“Treasury is committed to supporting the Democratic Republic of the Congo’s anti-corruption efforts by going after those that abuse the political system for economic gain and unfairly profit from the Congolese state,” said Deputy Secretary of the US Treasury Wally Adeyemo in a statement.
“Treasury recognises that corruption fuels instability and conflict, and undercuts efforts to achieve the economic growth and the rule of law necessary to overcome fragility.”
In March, the Biden administration revoked a sanctions waiver for Gertler that was issued in the last days of the Trump administration.
They were however reversed in March this year following calls by Congolese and international anti-corruption campaigners.
Those subject to U.S. sanctions have their U.S. assets frozen, and Americans are barred from doing business with them.