Glencore faces new corruption investigation with CFTC probe

Like the banking sector, commodity traders are facing increased scrutiny for questionable business practices in resource-rich countries. Now Glencore, the world's largest commodity trader, is facing a US investigation for possible corruption.

BY JACK FARCHY & ELENA MAZNAVA, BLOOMBERG

Glencore Plc is under investigation by the US Commodity Futures Trading Commission, CFTC, for possible corrupt practices, the latest legal headache for the world’s biggest commodity trader.

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