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Glencore unit made misleading financial statements, OSC alleges

Dec 18, 2018 - The Globe and Mail (Canada)
Board and Executive Moves

Katanga Mining Ltd. and several insiders, including its current and former CEOs, broke securities laws by making misleading financial statements and failing to disclose a potentially damaging relationship with an Israeli businessman, the Ontario Securities Commission alleges.

The regulator will hold a hearing on Tuesday to consider whether it's in the public interest to approve a settlement agreement that would include penalties for Katanga, a TSX-listed subsidiary of Anglo-Swiss metals an...