Glencore pleads guilty to worldwide corruption, pays $1.2bn penalty
Mining giant Glencore recently pleaded guilty to worldwide corruption, market manipulation, and bribery with the multinational slapped with a $1.2bn penalty.
Dan Gertler
đź”’ Glencore launches $1bn share buyback days after US subpoena – The Wall Street Journal
Glencore said Thursday it would purchase $1 billion in stock from investors, launching the buyback just days after disclosing it had received a subpoena from the US Department of Justice.
Kabila backs “DRC’s Gupta” after US company admits bribery, pays $412m fine
The DRC has defended Dan Gertler’s business dealings in the country, five days after he was linked to a bribery investigation by US authorities.
DRC “Zupta” unmasked as world’s #5 hedge fund hit by $400m corruption fine.
Corruption in high places is Africa’s biggest curse. It is the ultimate mis-allocation of resources and condemns Africans to remain the world’s poorest people.
Congo admitted to EITI resource transparency initiative
KINSHASA (Reuters) – Democratic Republic of Congo has earned full membership to the Extractive Industries Transparency Initiative (EITI), the global organisation promoting good management of oil, gas and mineral resources, the group said on Wednesday. The decision comes little more than a year after Congo, then a candidate country, was suspended from the organisation over its failure … Read more