Zambia: Glencore under investigation for allegedly making a corrupt payment to a political party in Zambia
Résumé
Date indiquée: 23 Oct 2022
Lieu: Zambie
Entreprises
Mopani Copper Mines Plc (Part of ZCCM Investments) - Subsidiary , Glencore - Parent CompanyProjets
Mopani - OperationConcerné
Nombre total de personnes concernées: Chiffre inconnu
Public entity: ( Chiffre inconnu - Lieu inconnu , Exploitation minière , Gender not reported ) , Communauté: ( Chiffre inconnu - Lieu inconnu , Exploitation minière , Gender not reported )Enjeux
Divulgation/utilisation des fonds versés aux gouvernements , CorruptionRéponse
Réponse demandée : Oui, par Journalist
Lien externe vers la réponse: (En savoir plus)
Mesures prises: A Glencore spokesperson said: “Glencore made the decision to exit Mopani in 2020. Glencore engaged in good faith negotiations with the Zambian government over an extended period (2020-2021) to agree a mutually acceptable transaction which was openly and transparently disclosed to all stakeholders.”
Type de source: Regulatory action
"Glencore faces probe over alleged payment to Zambian political party", 23 October 2022
"Zambia’s Anti-Corruption Commission (ACC) has launched an investigation in connection with a matter relating to an alleged $3m (£2.65m) payment made by commodities giant Glencore to a political party in the southern African country.
In a statement, the Zambian corruption watchdog said the investigation is centred on the circumstances under which Glencore allegedly paid the $3m sum before leaving Zambia in 2021 by selling its stake in its local Mopani Copper Mines subsidiary.
Glencore’s exit saw the multinational sell its stake in Mopani to Zambia’s state-owned mining company ZCCM for a sum of just $1 last year, through a deal that saw the Zambian government controlled company take on $1.5bn worth of the mining operation’s debt.
The watchdog noted it had interrogated Zambia’s former defence minister Davies Chama as part of its investigation into the $3m payment...
A Glencore spokesperson said: “Glencore made the decision to exit Mopani in 2020. Glencore engaged in good faith negotiations with the Zambian government over an extended period (2020-2021) to agree a mutually acceptable transaction which was openly and transparently disclosed to all stakeholders.”
“Any suggestion of improper conduct relating to the sale of Mopani to ZCCM-IH is baseless,” the Glencore spokesperson added."