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15 Feb
18:17

Glencore estimates corruption probe settlements to cost $1.5 billion

Glencore said Tuesday it expects to settle investigations in the US, UK and Brazil this year, which is likely to cost the company $1.5 billion, Kallanish reports. The Anglo-Swiss commodities trading and mining company has been probed for alleged corruption and money laundering by regulatory and enforcement authorities around the world. These include the US Department of Justice, the US Commodity Futures Trading Commission, the UK Serious Fraud Office and the Braz…
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