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Published on Jul 9, 2007
Is Congolese President's son paying for designer shopping sprees with country's oil money?
The son of the president of Republic of Congo appears to have spent hundreds of thousands of dollars of money that may derive from sales of state oil on lavish designer shopping sprees in Paris, Marbella and Dubai, while Congo remains one of the poorest and most indebted countries in the world.
While 70% of Congolese citizens earn less than a dollar a day, in August 2006 alone, Denis Christel Sassou-Nguesso, son of Congo's President and head of Cotrade, the marketing branch of the state oil company SNPC, spent $35,000 on purchases from designers such as Louis Vuitton and Roberto Cavalli.