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WSJ: Glencore under investigation in Canada over payments to Congo

Jul. 27, 2017 4:07 PM ETGlencore plc (GLCNF) StockGLCNF, GLNCYBy: Carl Surran, SA News Editor
  • Glencore (OTCPK:GLCNF, OTCPK:GLNCY) is under investigation by Canadian regulators looking into more than $100M in payments a subsidiary made to a company owned by an Israeli businessman who has been accused of bribing Democratic Republic of the Congo officials, WSJ reports.
  • Canada’s Ontario Securities Commission, the country’s biggest regional securities regulator, is investigating whether Glencore's Katanga Mining subsidiary violated rules requiring that companies disclose business done with their own investors, according to the report.

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