Glencore faces
Glencore confirmed the latest probe in a statement Thursday. The company said in a statement that it intends to cooperate with the investigation, but a spokesperson declined to provide any additional comments.
Shares of Glencore fell as much as 7% on the news. The
"The Serious Fraud Office is investigating suspicions of bribery in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons," the department confirmed on Thursday. It said it was not ready to give additional information.
"As this is a live investigation we cannot comment further", the SFO said on its website. Shares of Glencore are down almost 24% year-to-date
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