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The mining giant Glencore said Tuesday that he was being investigated by the United States in a corruption investigation related to his activities in Nigeria, Venezuela and the Democratic Republic of Congo.
The announcement caused Glencore's share price to plummet over According to Bloomberg, the London Stock Exchange announced Monday it had received a subpoena from the US Department of Justice to produce documents. and other documents relating to compliance with the Foreign Corrupt Practices Act and the US Money Laundering Laws. "
" The requested documents relate to the activities of the Glencore Group in Nigeria, the Democratic Republic of the Congo and Venezuela from 2007 to today, "he said in a statement.
Glencore added that "He was looking at the summons and providing further information when the time came", without providing fur.
Glencore could also be confronted with a British investigation into his operations in the DRC, Bloomberg reported in May. 19659002] On Tuesday, the British Serious Fraud Office declined to comment on whether such an investigation was ongoing.
"Glencore metals giant is under pressure," said Fiona Cincotta, senior market badyst at City Index commercial firm "The fear for investors is that the company will likely be hit with a substantial fine if it is found guilty of fraud and money laundering, the size of which will make it". 39, subject of significant speculation, "said Joshua Mahony, market badyst at IG. ] In March 2017, Global Witness accused Glencore of paying more than $ 75 million to Israeli businessman Dan Gertler, who has close ties with Congolese President Joseph Kabila.
Glencore denied any wrongdoing. The company's activities in the Democratic Republic of Congo were also highlighted in what is called the "Paradise Documents," a mine of 13 million documents that highlighted the use of offshore tax havens by the big companies.
since December 2017 on its transactions in DR Congo
The sanctions were imposed under US legislation pbaded in 2016, which provides for sanctions against anyone found responsible for human rights violations or gross corruption.
on Kabila's hold on power.
He has faced unprecedented protests in recent months asking him to resign after the expiry of his term in December 2016. New elections are scheduled for December 23rd.
© Agence France-Presse
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