Sierra Leone: Panama Papers: Flaws in Sierra Leone’s Diamond Trade

Apr 4, 2016 | Khadija Sharife and Silas Gbandia, African Network of Centers for Investigative Reporting and International Consortium of Investigative Journalists
View Original

Dodgy dealings within the Steinmetz Group seems to indicate undervaluing of diamonds, which is costing Sierra Leone tax payments. Sierra Leone is one of Africa’s leading diamond producers by value – and Steinmetz, who reportedly had a personal fortune of $6 billion in 2012, is its biggest private investor.