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Dem. Rep. of Congo: U.N. panel calls for sanctions on companies that plundered country's wealth (eg. Belgian diamond cos., George Forrest co.); accuses 85 cos. of violating OECD guidelines (eg. Anglo American, Barclays, Bayer, De Beers & Cabot)

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21 October 2002

CONGO: Senior African Officials, Multinationals Implicated In Exploitation

Author: UN Wire

Foreign corporations, senior African officials and criminal networks are plundering the rich natural resources of the Democratic Republic of the Congo, according to a new 59-page report prepared for the U.N. Security Council by a U.N.-appointed independent panel...The panel calls for financial restrictions to be levied on 54 individuals and 29 companies it said are involved in the plunder, including four Belgian diamond companies and the Belgian company George Forrest, which is partnered with the U.S.-based OM Group...The report also accuses 85 South African, European and U.S. multinational corporations -- including Anglo American, Barclays Bank, Bayer, De Beers and Cabot Corporation -- of violating the Organization for Economic Cooperation and Development's ethical guidelines on conflict zones.

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21 October 2002

Sanctions urged for Congo plunderers

Author: BBC News

A United Nations panel has called on the Security Council to impose financial sanctions against companies and individuals who plunder the Democratic Republic of Congo's wealth.

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