Glencore announced that it has agreed to pay the Democratic Republic of the Congo $180 million to settle corruption claims. This is the most recent payment in a string of worldwide graft cases that Glencore has had to deal with.
The Glencore Group was alleged to have committed acts of corruption between 2007 and 2018, according to the company, and the settlement with the Democratic Republic of the Congo (DRC) resolves “all present and future claims arising from any such alleged acts of corruption.”
According to Glencore, the investigation by the U.S. Department of Justice and the country’s authorities led to the settlement with DRC.
Glencore revealed in 2018 that the US Justice Department had opened an investigation into corruption in connection with the company’s operations in Nigeria, Venezuela, and the DRC.