Leaked bank records reveal Kabila family hid millions.

• According to recent revelations, the family of former President Kabila embezzled public funds and placed millions of dollars in real estate in the United States and South Africa.
• The reports are based on leaked bank statements.
• The documents show that the Kabila family used multiple tools to embezzle public funds, including a bank and a complex network of companies under its control.

According to recent revelations, the family of former President Kabila embezzled public funds and placed millions of dollars in real estate in the United States and South Africa. These revelations were published as part of a series of investigative reports.

The reports are based on leaked bank statements. The documents show that the Kabila family used multiple tools to embezzle public funds, including a bank and a complex network of companies under its control. This document offers a unique view into how this system operated.

The investigation reveals how the nine-year tenure of the former president’s brother, Selemani, in a leadership position at BGFIBank DRC provided access to a financial institution that was used to launder the proceeds of corruption and purchase real estate in the United States. It has been recommended to revoke the exemption for real estate professionals as part of anti-money laundering efforts in the United States.

The published investigations provide insight into how one of the world’s poorest countries was systematically plundered. They also provide valuable information to governments, law enforcement agencies, and financial institutions with the evidence needed to take preventive measures. Swift prosecutions, sanctions, asset seizures, heavy fines, and an overhaul of the anti-money laundering regimes of several countries have been called for.