CFTC launches corruption investigation into metals mining and commodities conglomerate
This CFTC investigation seems to be similar in scope and subject matter to a subpoena served on the company last year by the US Department of Justice. In July 2018, Glencore announced that one of its subsidiaries, Glencore Ltd, had received a subpoena from the US Department of Justice for the production of documents related to possible money laundering and FCPA violations in connection with the company’s operations in the Democratic Republic of the Congo, Nigeria, and Venezuela. In response to the subpoena, Glencore established a committee of the board to oversee the company’s response to the DOJ.
Glencore press release (April 2019) | Glencore press release (July 2018) |
CFTC release