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Glencore hit with US subpoena over alleged money laundering

12:00 AM

Shares in world’s biggest mining firm fall as it faces potential investigation

Glencore, the world’s biggest mining company, faces a potential investigation by US authorities for alleged money laundering, after being ordered to hand over documents to the Department of Justice.

Shares in the Anglo-Swiss firm fell as much as 13% to a one-year low in London, wiping more than £5bn off its market value. They were later down 4.3% at 334.45p.

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from US news | The Guardian https://ift.tt/2MJzlEn

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