Mining Company Discloses Corruption Investigation

Swiss prosecutors are examining Glencore's connection to alleged corruption in Congo.

Glencore headquarters in Baar, Switzerland, April 14, 2011.
Glencore headquarters in Baar, Switzerland, April 14, 2011.
AP Photo/Keystone, Urs Flueeler, File

FRANKFURT, Germany (AP) — Mining and commodities marketing company Glencore says it has been informed that it is under criminal investigation by Switzerland's attorney general in connection with alleged corruption in Congo.

The company said in a statement Friday that the attorney general was investigating suspected failure to have organizational measures in place to prevent corruption, and that it was cooperating with the investigation.

Glencore International AG, headquartered in Baar, Switzerland, operates around 150 mining, metallurgical and oil production sites in 35 countries.

More