April 26, 2019 / 7:39 AM / a month ago

Glencore shares slump as U.S. probes "corrupt practices"

April 26 (Reuters) - Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity Exchange Act and/or CFTC Regulations. (Reporting by Muvija M in Bengaluru)

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