Glencore reviewing bribery allegations said to involve Gertler

Glencore, the world’s biggest commodity trader, is reviewing allegations by US authorities regarding the bribery of officials in the Democratic Republic of Congo said to implicate its partner, Israeli-billionaire Dan Gertler. Some of Gertler’s projects in Congo were funded by Och-Ziff Capital Management Group, which on Thursday agreed to pay more than $400-million to settle a US investigation that it committed bribery violations in Africa. Och-Ziff’s partner in Congo paid $100-million in bribes to government officials over a 10-year period to win access to mining assets, according to an agreement between Och-Ziff and the US Justice Department.