Swiss prosecutors have launched a second investigation against mining company Glencore International AG, this time for failing to put organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC).
The US Department of Justice is seeking documents from the world’s largest commodities trader, Glencore, over intermediary companies that it uses in Venezuela, the Democratic Republic of the Congo, and Nigeria, Reuters reported on Tuesday.
Despite receiving a subpoena over possible corruption from the US Department of Justice, Glencore, the world’s largest mining company, announced a surge in profit in its half-year report, with a 13 percent increase in net income over last year.
Swiss mining conglomerate Glencore PLC issued a statement on Wednesday, saying it will cooperate with a U.S. corruption investigation into the firm’s activities in the Democratic Republic of Congo, Venezuela, and Nigeria.
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