An internal World Bank report reveals that much of the development aid intended for the African continent in particular is diverted to offshore financial centres.
The modus operandi often adopted by China to make inroads into economically weaker nations, whether in Asia, Africa or Latin America, has been to strike deals with corrupt Heads of State. This enables Chinese companies to not only further their business interests in that country but the Chinese State to surreptitiously penetrate the nation’s polity, with the objective to ensure its long-term influence. The Himalayan nation of Nepal is emerging as a classic example of this Chinese machination where the ruling Nepal Communist Party, led by Prime Minister KP Sharma Oli has been seen to blatantly advance Chinese interests, to the extent that it has made many senior members of his party uncomfortable.
Here are the main extracts from the document mentioned in our exclusive investigation on the corruption related to oil rent in Algeria.
Anti-corruption investigations in Algeria are starting to give the Qatari authorities a cold sweat. According to our sources, in at least two cases, the investigations reveal the involvement of high Qatari personalities and several figures among the “protected” of Doha within the European networks of the Muslim Brotherhood in the financial circuits used by the Bouteflika clan to loot the country’s wealth.
The names of Ghanim Bin Saad Al-Saad Al-Kawari, the “Qatari Diar” Group he chairs and Qatar Charity also appear in investigations conducted by the US FBI and the Brazilian judiciary into Qatar’s corruption of a number of voters within FIFA, in order to obtain the organisation of the 2022 Football World Cup.
The political-financial scandal linked to the Qatar Charity foundation is not limited to the financing of the Muslim Brotherhood, mentioned by Christian Chesnot and Georges Malbrunot in their “Qatar Papers”. Our investigation focuses on new aspects of this scandal related to sports embezzlement and political corruption. Exclusive revelations.