Trouble in Paradise Dan Gertler, Glencore, the DRC and Secret Loans

Israeli billionaire Dan Gertler

Dear Reader:

The Paradise Papers have brought us a wealth of information on some of our most reprehensible of “philanthropic” figures, not the least of which is Dan Gertler. As an ode to Dan, we decided that we would publish his story as the first of the Paradise Papers publications.

It is an remains our position that Gertler  pilfered (raped was the word we initially wanted to use) an entire country out of mining rights to the detriment of the citizens of that country. It is and remains our position that his dealings with high-powered players in the Congo lead to the death of one such player (Katumba) and to the slaughter of people in the region.  

Revealed: Glencore’s secret loan to secure DRC mining rights

https://www.theguardian.com/business/2017/nov/05/revealed-glencore-secret-loan-drc-mining-rights-paradise-papers

The world’s largest mining company, Glencore, secretly loaned tens of millions of dollars to an Israeli billionaire after it enlisted him to secure a controversial mining agreement in the Democratic Republic of the Congo, the Paradise Papers reveal.

The documents show in forensic detail how the mining magnate Dan Gertler held Glencore’s imprimatur as key negotiator with DRC authorities.

The Paradise Papers, a leaked cache of documents including more than 6m from within Appleby, one of the world’s leading and most secretive offshore law firms, lay bare the arcane multi-jurisdictional dealings of Glencore, a scandal-plagued Swiss multinational with mining interests across the globe, but particularly in Africa.

The documents confirm that in 2009, Glencore loaned Gertler $45m with the caveat that it would be repayable if agreement with DRC authorities was not reached to secure a mining contract for a company linked to Glencore.

……

He is also alleged to be the unnamed “DRC Partner” cited in a 2016 US Department of Justice deferred prosecution agreement who, along with others, paid more than $100m in bribes over a decade to DRC government officials “to obtain special access to and preferential prices for opportunities” in the country’s mining sector for a US hedge fund.

 

…..

 

The Paradise Papers confirm that several times over 2008 and 2009, Gertler was called in to negotiate with DRC authorities over the struggling Katanga copper mine in the south-east of the country, which was mired in stalled talks to secure a joint-venture agreement with DRC’s state-run miner Gécamines.

In 2009, Glencore, through a loan offer, took effective control of Katanga, but also kept Gertler’s interest in the company by secretly loaning his company Lora Enterprises $45m in pledged shares for him to take part in the loan. Gertler, known for his close relationship with DRC’s president and key adviser, was also tasked with securing the mining agreement.

“Glencore shall use its vote at the board of Katanga to have Dan Gertler exclusively mandated to assist Katanga in finalising the terms of the joint venture agreement,” the finance document shows.

But the Paradise Papers also reveal that the terms of the loan meant it could be recalled if the mining agreement was not secured. The term sheet states that it will be “immediately repayable on demand” if the agreement “is not finalised within three months”.

 

…..

Glencore, and its forerunner company, have been accused of sanctions-busting in Saddam Hussein’s Iraq, apartheid South Africa and Iran. In 2004, Glencore was cited by the CIA as having paid $3.2m in illegal kickbacks in violation of sanctions to Iraq’s state-run oil monopoly. It has also been accused of environmental pollution, poisoning rivers, and allowing child labour in its African mines. Glencore denies the allegations.

In February, Glencore bought Gertler out of their shared assets in DRC for $534m, a move described by analysts as an attempt by the company to disassociate itself from Gertler.

DRC is ranked by the UN as one of the least developed countries and has been blighted by near-constant civil war for decades. The massive landmass, as large as western Europe, is rich in mineral resources, making it a target for foreign powers and heavily armed rebel groups seeking to control lucrative assets.

The country remains mired in turmoil. Kabila, who took over the role from his father, Laurent-Désiré Kabila, in 2001 after he was assassinated by his bodyguards, refused to hold constitutionally mandated elections last year.

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10 thoughts on “Trouble in Paradise Dan Gertler, Glencore, the DRC and Secret Loans

  1. I’d start looking…for an alternative site.
    The blog owners are clearly not able or willing to continue their work
    It would be good if they were honest about it, but the silence says it all.
    We need Shmarya back. The bastards are getting away with murder, and the only one to successfully hold them to account was bought off.
    It’s starting to look like we welcome this behaviour.

        • After 2 months, it’s a little weak to cut and paste articles from other blogs and websites that are WEEKS OLD.
          You post these as News.
          The Gertler situation that you were all over?…CLEARLY YOU CAN;T BE BOTHERED.

          If you’re too busy to maintain at a decent level, either PLEASE ASK FOR HELP, or put us out of our misery. I’m sure this output is not what was intended when the blog was started.

          There are others out here who have time and effort to contribute, but not the necessary technical knowhow to do this alone.

          Please…don’t let this become another incidental website that once had great intentions?

  2. “THE JEWISH TALMUD IS ONE OF THE WONDERS OF THE WORLD”!

    The official unabridged Soncino Edition of the Talmud published in 1935 was “Translated into English with Notes, Glossary and Indices” by such eminent Talmudic scholars as Rabbi Dr. I. Epstein, Rabbi Dr. Samuel Daiches, Rabbi Dr. Israel W. Slotki, M.A., Litt.D., The Reverend Dr. A. Cohen, M.A.’, Ph.D., Maurice Simon, M.A., and the Very Reverend The Chief Rabbi Dr. J.H. Hertz wrote the “Foreword” for the Soncino Edition of the Talmud. The Very Reverend Rabbi Hertz was at the time the Chief Rabbi of England.

    The world’s leading authorities on the Talmud confirm that the official unabridged Soncino Edition of the Talmud translated into English follows the original texts with great exactness. It is almost a word-for-word translation of the original texts. In his famous classic “The History of the Talmud,” Michael Rodkinson, the leading authority on the Talmud, in collaboration with the celebrated Reverend Dr. Isaac M. Wise states:

    “THE TALMUD IS ONE OF THE WONDERS OF THE WORLD. During the twenty centuries of its existence…IT SURVIVED IN ITS ENTIRETY, and not only has the power of its foes FAILED TO DESTROY EVEN A SINGLE LINE, but it has not even been able materially to weaken its influence for any length of time.

    IT STILL DOMINATES THE MINDS OF A WHOLE PEOPLE, WHO VENERATE ITS CONTENTS AS DIVINE TRUTH…”

    SANHEDRIN, 55b-55a: “What is meant by this? – Rab said: Pederasty with a child below nine years of age is not deemed as pederasty with a child above that. Samuel said: Pederasty with a child below three years is not treated as with a child above that (2) What is the basis of their dispute? – Rab maintains that only he who is able to engage in sexual intercourse, may, as the passive subject of pederasty throw guilt (upon the actual offender); whilst he who is unable to engage in sexual intercourse cannot be a passive subject of pederasty (in that respect) (3). But Samuel maintains: Scriptures writes, (And thou shalt not lie with mankind) as with the lyings of a woman (4). It has been taught in accordance with Rab: Pederasty at the age of nine years and a day; (55a) (he) who commits bestiality, whether naturally or unnaturally: or a woman who causes herself to be bestiality abused, whether naturally or unnaturally, is liable to punishment (5).”

    KETHUBOTH, 11a-11b. “Rabba said, It means (5) this: When a grown up man has intercourse with a little girl it is nothing, for when the girl is less than this (6), it is as if one puts the finger in the eye (7), but when a small boy has intercourse with a grown up woman, he makes her as a girl who is injured by a piece of wood' ".
    (footnotes) "(5). Lit.,
    says’. (6) Lit., `here’, that is, less than three years old. (7) Tears come to the eyes again and again, so does virginity come back to the little girl under three years.”

    KETHUBOTH, 11a-11b. “Rab Judah said that Rab said: A small boy who has intercourse with a grown up woman makes her (as though she were ) injured by a piece of wood (1). Although the intercourse of a small boy is not regarded as a sexual act, nevertheless the woman is injured by it as by a piece of wood(a dildo).”
    (footnotes) “(1) Although the intercourse of a small boy is not regarded as a sexual act, nevertheless the woman is injured by it as by a piece of wood.”

    ABODAH ZARAH, 36b-37a. “R. Naham b. Isaac said: They decreed in connection with a heathen child that it would cause defilement by seminal emission (2) so that an Israelite child should not become accustomed to commit pederasty with it…From what age does a heathen child cause defilement by seminal emission? From the age of nine years and one day. (37a) for inasmuch as he is then capable of the sexual act he likewise defiles by emission. Rabina said: It is therefore to be concluded that a heathen girl (communicates defilement) from the age of three years and one day, for inasmuch as she is then capable of the sexual act she likewise defiles by a flux.

    SOTAH, 26b. “R. Papa said: It excludes an animal, because there is not adultery in connection with an animal (4). Raba of Parazika (5) asked R. Ashi, Whence is the statement which the Rabbis made that there is no adultery in connection with an animal? Because it is written, Thou shalt not bring the hire of a harlot or the wages of a dog etc.; (6) and it has been taught: The hire of a dog (7) and the wages of a harlot (8) are permissible, as it is said, Even both of these (9) – the two (specified texts are abominations) but not four (10)…As lying with mankind. (12) But, said Raba, it excludes the case where he warned her against contact of the bodies (13). Abaye said to him, That is merely an obscene act (and not adultery), and did the All-Merciful prohibit (a wife to her husband) for an obscene act?”

    SANHEDRIN, 55b: “A maiden three years and a day may be acquired in marriage by coition, and if her deceased husband’s brother cohabits with her, she becomes his. The penalty of adultery may be incurred through her; (if a niddah) she defiles him who has connection with her, so that he in turn defiles that upon which he lies, as a garment which has lain upon (a person afflicted with gonorrhea).”

    (footnotes) “(2) His wife derives no pleasure from this, and hence there is no cleaving. (3) A variant reading of this passage is: Is there anything permitted to a Jew which is forbidden to a heathen. Unnatural connection is permitted to a Jew. (4) By taking the two in conjunction, the latter as illustrating the former, we learn that the guilt of violating the injunction `to his wife but not to his neighbor’s wife’ is incurred only for natural but not for unnatural intercourse.”

    Of the “sacred” Talmudic teachings of the “Sages,” preserved since 500 A.D. and taught more widely today than ever before in Talmud-Torah schools in the U.S.A., perhaps nothing better illustrates “fools” with “reprobate minds” than the teaching in the Talmud book of Yebamoth that spittle on the top of the bed curtain proves that a wife has been guilty of adultery, as only lying down face upwards could she have spit up on it. Spitting several feet straight up! The Talmud states: “When a peddler leaves a house and the woman within is fastening her sinnar [breech-cloth] … . If spittle is found on the upper part of the curtained bed she must, said Rabbi, go.” Footnote: “Even if there were no witnesses that misconduct took place.” Further footnote: “Only the woman lying face upwards could have spat on the spot. Intercourse may, therefore, be suspected.”

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