Office of the Attorney General closes its criminal investigation against Glencore International AG with a summary penalty order and an abandonment order
Bern, 5.8.2024 - After four years of investigation, the Office of the Attorney General of Switzerland (OAG) has closed its criminal investigation against Glencore International AG (hereinafter: Glencore). It specifically imposes a summary penalty order on the grounds of corporate responsibility for Glencore's failure to take all necessary and reasonable organizational measures with regard to the bribery of foreign public officials by a business partner in connection with the latter's acquisition of minority stakes in two mining companies in the Democratic Republic of Congo (DRC) in 2011. The OAG ordered Glencore to pay a fine of CHF 2 million and a compensation claim amounting to USD 150 million. Regarding a part of the other facts investigated by the OAG and relating to Glencore's business activities in the DRC between 2007 and 2017, the OAG issued an abandonment order.