Glencore Ltd. released a statement on Tuesday informing the stock market that the United States Department of Justice subpoenaed the company as part of an investigation into corruption and money laundering. Business Insider’s Will Martin reported on the subpoena, which Glencore is currently reviewing, and the news’ effects on the company’s stock price which dropped 12% on Tuesday.
The subpoena related to documents on the companies operations in Venezuela, Nigeria and the Democratic Republic of Congo from 2007 to the present day.
