Glencore Plc

Glencore gets subpoena from US regarding graft, money laundering

(July 3): Glencore Plc says it’s been subpoenaed by the US Department of Justice to produce documents relating to corruption and money laundering.

The world’s biggest commodity trader said that US authorities asked for the documents with respect to compliance with the Foreign Corrupt Practices Act and United States money laundering statutes.

The documents relate to the company’s business in Nigeria, the Democratic Republic of Congo and Venezuela from 2007 to the present.

Glencore, Qatar buy $15.6 bil stake in Rosneft

MOSCOW (Dec 8): Commodity trader Glencore Plc and Qatar's sovereign wealth fund agreed to buy a 10.2 billion euro ($15.6 billion) stake in Russia's largest oil producer from the state in a triumph for President Vladimir Putin over sanctions imposed by the West.

The surprise deal gives the buyers a 19.5% stake in Rosneft PJSC, which the US and European Union have targeted with punitive measures, and is the biggest foreign investment in Russia since the crisis in Ukraine.

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