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Mining giant Glencore faces money laundering probe

Mining giant Glencore faces money laundering probe


Mining monster Glencore has been requested by US experts to hand over records and archives identifying with an examination concerning illegal tax avoidance. 

The subpoena from the US Department of Justice is in connection to consistence with the Foreign Corrupt Practices Act and illegal tax avoidance laws.

It is with respect to business dealings in Nigeria, Democratic Republic of Congo and Venezuela from 2007 onwards.

Glencore affirmed it had gotten the subpoena, which it is currently exploring.

A subpoena is a court arrange which constrains an association or individual to create physical proof, or face discipline.

Offers in Glencore fell 9% in early Tuesday exchanging after the news broke.

Take after Glencore's offer cost 

Glencore mines and exchanges items and is one of the greatest firms in the business.