US Seeks Documents From Glencore on Corrupt Intermediaries

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.

Glencore’s Antapaccay mine in Peru (Flickr)Shortly after, the metals giant posted a 12 percent rise in copper production and a 44 percent rise in cobalt production, all from a restart of its processing operations at the Katanga mine in the Democratic Republic of the Congo.

The US has been investigating Glencore’s operations over allegations that its operations in Venezuela, the Democratic Republic of the Congo and Nigeria bribed energy officials and engaged in corrupt practices. 

“The investigation focuses on intermediaries,” said an unnamed source to Reuters. Another source said the Department of Justice was focusing on three intermediary firms that work with Glencore. 

Glencore, an Anglo-Swiss

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