00:17:07 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 10,050,000
Close 2024-12-18 C$ 36.32
Market Cap C$ 365,016,000
Recent Sedar Documents

Globe/wire say criminal charges filed against Apple

2024-12-18 08:58 ET - In the News

The Globe and Mail reports in its Wednesday edition that minerals pillaged by armed groups in eastern Congo are tainting the supply chain for Apple computers and cellphones, the Congolese government says in newly filed criminal complaints against Apple subsidiaries in France and Belgium. The Globe's Geoffrey York writes that the complaints, filed this week in courts in Paris and Brussels, describe an elaborate system of smuggling of so-called "blood minerals" by militias and traffickers in the Democratic Republic of the Congo -- much of it in territory controlled by the powerful Rwandan-backed M23 rebel group. Minerals such as tantalum, used in computers and phones, are supplied largely by Congo and Rwanda. Bintou Keita, the head of the United Nations mission in Congo, told the UN Security Council in October that M23 generates about $300,000 (U.S.) in monthly revenue from its control of the Rubaya area. The complaints in France and Belgium accuse Apple of laundering stolen goods and using deceptive commercial practices to conceal war crimes in its supply chain. Robert Amsterdam, a U.S.-based lawyer for Congo's government, said the criminal complaints are just the "first salvo" in the government's efforts against Apple.

© 2025 Canjex Publishing Ltd. All rights reserved.