Swiss-based commodity trading and mining company Glencore agreed to pay $180 million to the government of the Democratic Republic of the Congo (DRC) to settle claims arising from alleged corrupt practices that took place for more than a decade.
The agreement, announced Monday, covers “all present and future claims arising from any alleged acts of corruption by the Glencore Group in the DRC between 2007 and 2018,” including those already investigated as part of probes by the U.S. Department of Justice (DOJ) and the DRC’s National Financial Intelligence Unit and Ministry of Justice, among others, the company said.
