In accordance with paragraph 2 (g) of the Guidelines for the conduct of its work, the Security Council Committee established pursuant to resolution 1533 (2004) concerning the Democratic Republic of the Congo makes accessible a narrative summary of reasons for the listing for individuals, groups, undertakings and entities included in its sanctions list.
Machanga Ltd was listed on 29 March 2007 pursuant to the measures on arms established by paragraph 20 of resolution 1493 (2003), and extended pursuant to paragraph 1 of resolution 1596 (2005).
“Machanga bought gold through a regular commercial relationship with traders in the DRC tightly linked to militias. This constitutes ‘provision of assistance’ to illegal armed groups in breach of the arms embargo of resolutions 1493 (2003) and 1596 (2005). Gold export company (Directors: Mr. Rajendra Kumar Vaya and Mr. Hirendra M. Vaya). In 2010, assets belonging to Machanga, held in the account of Emirates Gold, were frozen by Bank of Nova Scotia Mocatta (UK). The previous owner of Machanga, Rajendra Kumar, and his brother Vipul Kumar, have remained involved in purchasing gold from eastern DRC.”