Glencore hit by SFO bribery probe

Glencore hit by SFO bribery probe

Glencore (GLEN) has been hit with a third regulatory probe into its businesses, after the Serious Fraud Office (SFO) announced it is investigating “suspicions of bribery in the conduct of business” by the miner's subsidiaries, "officials, employees, agents and associated persons". The development comes amid two probes in the US, and a finding of misleading accounting at a Canada-listed subsidiary last year. Glencore’s shares fell 7 per cent on the news, to 221p. 

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