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Glencore shares under cloud after U.S demands Congo documents in probe

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - A U.S. demand for documents related to Glencore's assets in Democratic Republic of Congo (DRC) as part of a corruption probe has rattled investors and is likely to weigh on the miner's performance until there is more clarity on the case.Glencore said it had received a subpoena from the U.S. Department of Justice dated July 2 requesting documents for its Congo business over compliance with the U.S. Foreign Corrupt Practices Act and rules against money laundering.The Switzerland-based company, which said documents for Venezuela and Nigeria were also ...

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First Published: Thu, July 12 2018. 21:08 IST
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