Markets Insider
- Commodities giant Glencore has received subpoenas from the US Department of Justice as part of a money-laundering probe.
- Shares crashed over 10% when Glencore revealed the investigation.
Shares in commodity giant Glencore plunged on Tuesday morning after it was revealed that the company has received a subpoena from the US Department of Justice as part of a money-laundering investigation.
Glencore released a statement on Tuesday morning saying that it has been asked to hand over documents in relation to a corruption probe, and is "reviewing" the subpoena. It relates to Glencore's operations in Venezuela, Nigeria, and the Democratic Republic of Congo.
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