14th Jan 2019 14:48
LONDON (Alliance News) - Switzerland-based Glencore PLC gave almost USD1 billion to companies associated with US-sanctioned businessman Dan Gertler, the Wall Street Journal said Monday.
The loans were made over a 10-year period beginning in 2007, the WSJ said, to help finance some of Gertler's investments in the Democratic Republic of the Congo, where Gertler is accused of having corrupt ties to the government.
Gertler filed royalty claims against Glencore in April last year worth over USD3.7 billion against Glencore, with Glencore eventually agreeing to the payments.
https://www.wsj.com/articles/glencore-gave-loans-to-businesses-linked-to-suspect-congo-dealings-11547470801
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