The UK’s Serious Fraud Office has launched an investigation into suspicions of bribery at mining and commodity trading group Glencore.
The SFO said, “it is investigating suspicions of bribery in the conduct of business by the Glencore group of companies, its officials, employees, agents, and associated persons”.
In a statement, the £30bn company added: “Glencore has been notified today that the Serious Fraud Office has opened an investigation into suspicions of bribery in the conduct of the business of the Glencore group.”
Glencore, which is listed on the London stock exchange but has its headquarters in Baar, Switzerland, said it would cooperate with the investigation.
This article was originally posted on The Guardian.co.uk