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Glencore receives subpoena from Department of Justice

Jaclyn Jaeger | July 3, 2018

Switzerland-based Glencore Ltd, a subsidiary of Glencore plc, said Tuesday it received a subpoena on July 2 from the U.S. Department of Justice to produce documents and other records concerning compliance with the U.S. Foreign Corrupt Practices Act and U.S. money-laundering statutes.

The requested documents “relate to the Glencore Group’s business in Nigeria, the Democratic Republic of Congo, and Venezuela from 2007 to present,” the company said in a statement.

Glencore was cited hundreds of times in the Panama Papers. It then came under heavy criticism...

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