Responding to the announcement by Glencore that the Office of the Swiss Attorney General has opened a criminal investigation into the company, Margot Mollat du Jourdin, Campaigner at Global Witness, said:
“We welcome the news that the Swiss government is formally investigating Glencore over allegations that it failed to have adequate measures to prevent alleged corruption in the Democratic Republic of Congo (DRC).
The Swiss probe adds to the ongoing investigations into Glencore by the UK’s Serious Fraud Office, the US Department of Justice and the US commodities regulator, making this the third jurisdiction that is examining the London-listed commodities giant.
The fact that Glencore is now being investigated on its home turf reinforces the intensifying scrutiny faced by the company.
For over 10 years, Global Witness has been investigating Glencore’s deals in DRC involving Dan Gertler, who was sanctioned in the US in 2017 over ‘corrupt mining and oil deals’."
Notes to editor:
Glencore says it will cooperate with the Swiss investigation. Gertler has consistently denied wrongdoing or impropriety.
You might also like
Oil, Gas & MiningPress release
Global Witness welcomes SFO investigation into Glencore
Global Witness welcomes today’s news that the UK’s Serious Fraud Office (SFO) is formally investigating London-listed Glencore for possible bribery.
Corruption & Money Laundering, Oil, Gas & MiningPress release
Global Witness welcomes investigation into Glencore by US commodities regulator
The investigation by the Commodity Futures Trading Commission is another promising step towards holding Glencore to account for its suspect dealings and showing that this corporate behemoth is not above the law.
Corruption & Money Laundering, Oil, Gas & MiningBlog post
A bad year for Glencore
The US Department of Justice has issued a subpoena to commodities giant Glencore's subsidiary Glencore Limited, relating to US overseas corruption laws. This is the latest storm in what has been a tempestuous year for Glencore. we outline the main stories over the last 12 months that have helped make this Glencore's ‘annus horribilis’