Glencore, the world’s largest commodity corporation, is suspected of corruption in the Democratic Republic of the Congo and is expected to be sued on that basis. A Glencore subsidiary is said to have paid $ 6 million annually since 2013 to a company in the Democratic Republic of the Congo, on a quid pro quo basis. ... →
In December 2013, Shigeru Echigo, a Deutsche Bank employee was arrested and he is now providing information regarding his ex-supervisor, who he claims was involved in the corruption case.
According to reports by Bloomberg, Echigo admitted to bribing a pension fund executive to encourage him to buy investment products. The investigation by the Japanese Authorities revealed that the 60-year-old Yutaka Tsurisawa, manager of a pension fund from April to August 2013, was accepting benefits from Echigo. ... →