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The US government is attempting to seize a luxury apartment in Manhattan that is allegedly linked to the daughter of Denis Sassou Nguesso, the longtime President of the Republic of Congo. The apartment, located in the Trump International Hotel and Tower, was purchased in 2014 for $7.1 million and is believed to have been bought with funds stolen from the Congolese government. US prosecutors have outlined a complex network of banks, individuals, and shell companies that were allegedly used to launder hundreds of millions of dollars from the African nation. The apartment, which offers stunning views of the city and Hudson River, was intended for Claudia Lemboumba Sassou Nguesso, who has held various positions within her father's administration. Congo has a low ranking for public corruption, according to Transparency International. [Extracted from the article]

The US government is attempting to seize a luxury apartment in Manhattan that is allegedly linked to the daughter of the former President of Congo, Denis Sassou Nguesso. The apartment, located in the Trump International Hotel and Tower, was purchased in 2014 for $7.1 million and is believed to have been bought with funds stolen from the Congolese government. US prosecutors have outlined a complex network of banks, individuals, and shell companies that were allegedly used to launder hundreds of millions of dollars from Congo. The apartment, which offers stunning views of the city and Hudson River, has been unoccupied since its purchase. [Extracted from the article]

In 2001, Deutsche Bank bought 60 Wall Street from JPMorgan Chase & Co. as the Frankfurt-based company sought to house the workers and the staff it had added in the purchase of Bankers Trust Corp. two years earlier. The exodus of major firms from the area around the New York Stock Exchange to Midtown began in the 1970s as computerized trading freed banks and brokerages from having to deliver paper securities and checks. [Extracted from the article]