SWISS PROSECUTORS LAUNCH GLENCORE CRIMINAL PROBE OVER DR CONGO

On 19 June, Reuters reported that Switzerland’s Attorney General’s Office (OAG) has opened a criminal probe into Swiss-based, London-listed multinational commodity miner and trader Glencore over allegations it failed to have measures in place to prevent corruption in the DRC.  Glencore also faces corruption and bribery investigations by several other entities including the US DoJ and the SFO. In addition, it is reported that Canada’s regulatory authorities fined a Glencore-controlled subsidiary in 2018 after allegations of inadequate financial disclosures in the DRC.

https://www.reuters.com/article/us-glencore-investigation-switzerland/swiss-prosecutors-launch-glencore-criminal-probe-over-congo-idUSKBN23Q2VW

 

 

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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