Bloomberg Law
May 18, 2018, 12:43 PM UTC

Glencore Said to Face U.K. Bribery Probe Over Congo Dealings

Franz Wild

• Serious Fraud Office is said to study links with Dan Gertler • The investigation is said to be in preliminary stage

The U.K.’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore Plc and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo, according to two people with knowledge of the matter.

Investigators at the Serious Fraud Office plan to seek formal approval for a full probe into Glencore’s dealings in Congo, said the people, who declined to be identified because the matter isn’t public. Since Glencore is based in Switzerland, the prosecutor ...

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