Glencore sets aside £1bn to settle corruption and bribery probes
The mining and commodities trading titan said it is likely to resolve probes in the UK, US and Brazil this year - and expects heavy fines.
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The mining and commodities trading titan said it is likely to resolve probes in the UK, US and Brazil this year - and expects heavy fines.
The company has been under investigation by the DoJ since 2018, relating to possible corruption and money laundering in countries including Nigeria and Venezuela.
LONDON -Glencore will set aside $1.5 billion for probes into bribery and market manipulation, which it expects to resolve in 2022, it said on Tuesday, as it announced record earnings from booming raw...
Copper prices hover near all-time highs as miners look for exposure to a metal crucial in renewable energy generation, transmission and storage.
By Clara Denina and Helen Reid LONDON (Reuters) -Glencore will set aside $1.5 billion for probes into bribery and market manipulation, which it expects to resolve in 2022, it said on Tuesday, as it announced record earnings from booming raw materials prices.