Op risk data: Glencore hauled over the coals in $1bn+ bribery probe

EDITORIAL USE ONLY Glencore 458104601 — Double trouble for Glencore at the top of May’s loss table

ORX News
15 Jun 2022

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Commodities trading giant Glencore was hit by May’s two largest losses, which totalled almost $1.19 billion in separate but related settlements for bribery, corruption and market manipulation that spanned more than a decade, according to regulators. Co-ordinated action among the Department of Justice (DoJ) and the Commodity Futures Trading Commission (CFTC) in the US, as well as UK and Brazilian regulators, resulted in the Swiss firm making a $700.7 million settlement against findings of bribery

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