The world's leading commodities trading Swiss company, Glencore is suspected of corruption in Africa by US justice. Glencore has announced the creation of a committee to cooperate with the judicial authorities. The Swiss giant Glencore assures him: he will show white paw. Assigned by the US Department of Justice (DoJ) as part of a massive corruption probe in Nigeria, Venezuela, and the Democratic Republic of Congo (DRC), the world's largest commodities trader announced on Wednesday, the installation of a special committee. Composed of three directors, he will be responsible for "overseeing the commodities' company's responses to DoJ requests". Glencore's non-executive chairman and member of the ad hoc committee, Tony Hayward, former CEO of the BP oil group, pledged to "cooperate with the DoJ". The survey will last at least two years, probably more. The group based in Baar, in the canton of Zug, is again in turmoil. But not for economic reasons, as in 2015. The commodities trading company had then to deal with the sharp decline in prices, because of the sluggishness of Chinese demand for raw materials. Its capitalization had collapsed on the London Stock Exchange. The difficulties are today judicial. Under the Foreign Corrupt Practices Act, US federal judges asked Glencore, on July 3, to provide them with numerous documents about its activities in these countries between 2007 and today. And on the 10th, the Investigation continued, and that brought big losses to the commodities Stock.
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