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 (SFO) had “opened an investigation into suspicions of bribery in the conduct of business of the Glencore group”...

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