Zambia’s anti-graft commission probes Glencore, FQM donations to former ruling party
By
Chiwoyu Sinyangwe
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Posted on
November 30, 2022 15:56
The Anti-Corruption Commission (ACC) says it is investigating “circumstances under which” Glencore AG paid $3m to the former ruling party Patriotic Front, a payment it says led to Zambia getting “unfavorable terms” in the controversial mining transaction.
Separately, a former senior member of the Patriotic Front says the agency is also probing the $150,000 ‘donation’ that PF received from First Quantum Minerals (FQM).
According to investigative sources, Swiss-based Glencore AG paid $3m to the former ruling party in 2016 when it owned and operated Mopani Copper Mines (MCM) in Mufulira and Kitwe on the Copperbelt.