Glencore faces yet another investigation 🔒
Another investigation has been launched against SA-born Ivan Glasenberg’s Glencore, this time by the UK’s top fraud watchdog, causing the global commodities and trading company’s stock to plummet by the most in more than four years.
Glencore’s share price plunged 5.65% to close at R42.36, after it announced on Thursday afternoon that the Serious Fraud Office had “opened an investigation into suspicions of bribery in the conduct of business of the Glencore group”.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Glencore faces yet another investigationThe UK Serious Fraud Office has opened an inquiry into suspicions of bribery
Read more »
UK bribery investigation adds to Glencore's legal headachesGlencore's CEO Ivan Glasenberg told investors earlier this week he expected to step down next year once a new management team is in place.
Read more »
WATCH: The litter of kittens with 'human' faces and piercing eyes | IOLTatyana Rastorgueva uses a bizarre technique to make her kittens look like they have human faces.
Read more »
Two children die, one hospitalised after eating same meal for breakfastPolice are not yet sure how the children died or if it is related to the meal they shared and are waiting for post mortem results to confirm the cause of death.
Read more »
India says only trained, experienced pilots will use Boeing 737 MAXWhile it has yet to be returned to service, India’s regulator may mandate a minimum number of flying hours for pilots of the Boeing plane
Read more »
Hawks arrest fifth person in 'Christian terror group' crackdownA fifth suspect alleged to be involved in terrorist activities in Cape Town was arrested by the Hawks’ Serious Organised Investigation, Crime Intelligence on Thursday.
Read more »