GENEVA: Mining giant Glencore said Tuesday that it has been subpoenaed by the US justice department as part of a corruption investigation linked to its business in Nigeria, Venezuela and the Democratic Republic of Congo.
Glencore “has received a subpoena dated 2 July, 2018 from the US Department of Justice to produce documents and other records with respect to compliance with the Foreign Corrupt Practices Act and United States money laundering statutes,” the company said in a statement.
“The requested documents relate to the Glencore Group’s business in Nigeria, the Democratic Republic of Congo and Venezuela from 2007 to present,” it added.
Glencore further said it was “reviewing the subpoena and will provide further information in due course as appropriate,” without providing further details.
Glencore, which is based in Switzerland but listed on the London stock market, may also be facing a British fraud probe over its operations in the DR Congo, Bloomberg reported in May.
The news sent the company’s stock plunging down 7.5 percent at 322 British pence through early trading.
US subpoenas mining giant Glencore in corruption probe
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