The UK’s accounting watchdog is investigating Deloitte LLP’s work on Glencore Plc and a UK unit, amid corruption scandals involving the commodity giant.
Glencore and its Glencore Energy UK Ltd. unit “have been subject to investigations by government agencies into misconduct,” the Financial Reporting Council said in a statement on Wednesday.
The investigation “will include whether Deloitte LLP gave sufficient consideration to the risk of non-compliance with laws and regulations,” it said.
Glencore has paid a heavy price to resolve various investigations around the world. The company in 2022 pleaded guilty to corruption and market manipulation cases in ...
