Glencore has been subpoenaed by the US Department of Justice (DoJ) to produce documents (from 2007 to the present) related to businesses in Nigeria, the Democratic Republic of Congo and Venezuela – in order to check the group’s compliance with the Foreign Corrupt Practices Act and the United States’ money laundering statutes. As a result, Glencore’s share price fell c.10% on 3 July 2018.
04 Jul 2018
Subpoenaed by the US Department of Justice
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Subpoenaed by the US Department of Justice
Glencore plc (GLEN:LON) | 475 32.3 1.5% | Mkt Cap: 57,987m
- Published:
04 Jul 2018 -
Author:
Varun Sikka -
Pages:
2
Glencore has been subpoenaed by the US Department of Justice (DoJ) to produce documents (from 2007 to the present) related to businesses in Nigeria, the Democratic Republic of Congo and Venezuela – in order to check the group’s compliance with the Foreign Corrupt Practices Act and the United States’ money laundering statutes. As a result, Glencore’s share price fell c.10% on 3 July 2018.