https://www.gulf-times.com/story/629878/Glencore-faces-new-corruption-investigation-with-C
Glencore Plc is under investigation by the US Commodity Futures Trading Commission for possible corrupt practices, the latest legal headache for the world’s biggest commodity trader.
It’s another sign that the industry is coming under intense scrutiny by authorities for business practices in resource-rich countries around the world. There are now a multitude of bribery and corruption investigations in jurisdictions ranging from Brazil to the US, drawing comparisons with the early 1980s when Glencore’s founder Marc Rich was prosecuted for tax evasion.
Glencore is among the trading houses being investigated by the Justice Department, Federal Bureau of Investigation and Brazilian authorities in the Car Wash scandal. The company has also been subpoenaed by the Justice Department for documents relating to possible corruption and money laundering in Nigeria, the Democratic Republic of Congo and Venezuela.