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Reading: Glencore Sets Aside $1.5 Billion to Cover Regulatory Probes
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The Wall Street Publication > Blog > Business > Glencore Sets Aside $1.5 Billion to Cover Regulatory Probes
Business

Glencore Sets Aside $1.5 Billion to Cover Regulatory Probes

Editorial Board Published February 15, 2022
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Glencore Sets Aside .5 Billion to Cover Regulatory Probes
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LONDON—Commodities giant Glencore PLC made a provision of $1.5 billion to cover a series of regulatory investigations in the U.S., the U.K. and Brazil into allegations of bribery, saying it expected the probes that have long bedeviled the company to be resolved this year.

In 2018, London-listed Glencore said it received a subpoena from the U.S. Department of Justice demanding records related to its compliance with American antibribery and money-laundering laws in Congo, Nigeria and Venezuela.

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