Switzerland’s Glencore, suspected of corruption in Africa by the american justice

The swiss giant Glencore assure you : it will show white paw. Assigned by the u.s. Department of justice (DoJ) within the framework of an extensive investigation of corruption in Nigeria, in Venezuela and in the democratic Republic of the Congo (DRC), the world leader in the trading of raw materials has announced, Wednesday, July 11, the installation of a special committee.

Composed of three directors, he will be responsible to ” oversee the company’s responses to requests of the DoJ “. The non-executive chairman of Glencore and a member of the ad hoc committee, Tony Hayward, former CEO of the oil group BP, has pledged to ” cooperate with the DoJ “. The investigation is expected to last at least two years, probably more.

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In Africa, the DRC registered mining giants

The group installed in Baar, in the canton of Zug, is once again in turmoil. But not for economic reasons, as in 2015. He had then had to cash the sharp decline of course, because of the weakness of the chinese demand for raw materials. Its capitalization had slumped to the London stock Exchange.

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