Glencore must resolve US and UK corruption investigations

Glencore said on Tuesday it intends to plead guilty to bribery in Britain and hopes to close a long-running corruption investigation in the US, criminal investigations into its global businesses, according to people familiar with the matter. solution of. company for years. Sources said Glencore, or a subsidiary, would also be guilty of violating the Foreign Corrupt Practices Act.

Glencore told shareholders it faced criminal and civil investigations from the DOJ, the US Commodity Futures Trading Commission, the UK SFO and the Brazilian Federal Prosecutor’s Office. Source: .

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