The deal covers all current and future DRK allegations that may arise from the group’s “alleged” corruption actions in the country between 2007 and 2018, the Zug-based group announced on Monday.
Glencore has been targeted by various regulators for its activities in the Democratic Republic of Congo. For example, by the US Department of Justice (DOJ) and in Switzerland by the Federal Office of the Prosecutor.
In the Glencore communiqué, it was emphasized that the agreement reached is subject to the laws of Congo. The company’s admissions relate solely to missteps agreed with the DOJ in an earlier resolution.
In May of this year, Glencore pleaded guilty to involvement in bribery payments in seven countries in Africa and South America, including the Democratic Republic of Congo, in an out-of-court settlement with the DOJ. The company was fined over a billion dollars at the time.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
