President Felix Tshisekedi will officially reply to the management of state owned mining company Gecamine, asking further clarification on the company's assets management and finances.
Tshisekedi told members of his cabinet that he was not happy with first response he received from the company, especially when considering that the profit loss was enormous.
The President said he has been receiving reports, some supported with documents, of massive corruption taking place at the mining company, including the undervaluing and selling of assets. This prompted him to seek answers from those in charge.
In the next cabinet meeting to be held on Friday 29 2020 , a guideline is expected to be published and provide details on the new direction Gecamine must undertake, this will form part of the President's reply to the management at the organisation.
Reports of looting at this state mining company, located in the southern city of Lubumbashi, is not new.
The former Chairperson of the board of directors Albert Yuma, who is currently under house arrest, had been accused of embezzling USD200 million, the money was part of a 200 million euro loan Gecamine had received from Israeli business tycoon Dan Gertler.
Suspicions rose after Gertler requested the loan repayment; authorities were unable to trace the money to Gecamine's account.
In April opposition leader, Jean-Claude Muyambo, spoke of parallel accounts existing within the state mining company, one which belonged to the board of directors.
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