Glencore subpoena from US DoJ

Glencore.jpgGlencore Ltd (a subsidiary of Glencore plc) announced today that it has received a subpoena from the US Department of Justice to produce documents relating to compliance with the Foreign Corrupt Practices Act and US money laundering and sanctions legislation. The requested documents relate to the Glencore Group’s business in Nigeria, the Democratic Republic of Congo (DRC) and Venezuela from 2007 onwards.

The subpoena comes weeks after Glencore settled a dispute in the DRC by agreeing to pay US-sanctioned Israeli businessman Dan Gertler (Glencore’s former business partner in the DRC) money he is owed from copper and cobalt mines. Glencore said that it would make the royalty payments to Mr Gertler in euros to comply with US sanctions.

This entry was posted in Democratic Republic of the Congo, Nigeria, USA, Venezuela by Maya Lester QC. Bookmark the permalink.

About Maya Lester QC

Maya Lester QC has a wide ranging practice in public law, European law, competition law, international law, human rights & civil liberties. She has a particular expertise in sanctions. As the most recent (2016) Chambers & Partners directory put it, she "owns the world of sanctions". She spent 2011-12 in New York at Columbia Law School lecturing and writing on sanctions. She represents and advises hundreds of companies and individuals before the European and English courts and has acted in most of the leading cases, including Kadi, Tay Za, Central Bank of Iran, NITC and IRISL.

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