The U.S. sanctioned Israeli billionaire Dan Gertler, one of the biggest individual mining investors in the Democratic Republic of Congo, in what it calls a clampdown on human-rights abusers and corrupt actors.
Under the sanctions, any assets held by Gertler within U.S. jurisdictions will be blocked and U.S. individuals are prohibited from engaging in transactions with them.
The U.S. “is taking a strong stand against human rights abuse and corruption globally by shutting these bad actors out of the U.S. financial system,” Treasury Secretary Steven Mnuchin said in the statement. “Treasury is freezing their assets and publicly denouncing the egregious acts they’ve committed, sending a message that there is a steep price to pay for their misdeeds.”
Gertler’s representatives at his office in Ramat Gan, Israel, and a public relations firm in London, said they could not immediately respond to the U.S. action. Glencore complies with all applicable sanctions, a spokesman for Glencore said by phone.
Gertler, whose grandfather co-founded Israel’s diamond exchange 70 years ago, arrived in Congo in 1997. The then 23-year-old soon secured a monopoly on the country’s diamond sales from Laurent Kabila, the then-president and father of Congo’s current leader, whose rebellion had just overthrown the three-decade-long regime of Mobutu Sese Seko.
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