Glencore Faces Bribery Probe, Sending Shares Lower - News Summed Up

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Glencore Faces Bribery Probe, Sending Shares Lower


LONDON—Britain’s top financial cop said it is investigating Glencore PLC for alleged bribery, sending shares of the mining and commodities-trading company down 9% and adding to regulatory woes elsewhere that have weighed on the company all year. The U.K.’s Serious Fraud Office said it was investigating suspicions of bribery “in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons.” It didn’t elaborate. Glencore also disclosed the probe in a statement on Thursday....


Source: Wall Street Journal December 05, 2019 14:23 UTC



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