Glencore chiefs failed to reveal £4m payouts to controversial mining company



Staff at a controversial mining company failed to disclose more than £4million in payments handed to them by parent company Glencore.
Finance chief Jacques Lubbe, former chief executive Jeff Best and nine other members of the top team at Katanga Mining shared bumper share bonuses from Glencore between 2011 and 2016.
But the payments were not published as they should have been.
Lubbe, and three other board members who had not received undisclosed payments, resigned yesterday as Canada-listed Katanga was rocked by revelations of major accounting problems. It is also being investigated by... read more

 
20 November 2017 in Business, Views: 54
Source: Daily Mail
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