Glencore unit's fake warehouse receipts renew worries of fraud

London

FORGED commodity-storage receipts discovered by a Glencore Plc unit have rekindled concerns over warehousing fraud two years after the Qingdao scandal in China that cost banks hundreds of millions of dollars.

Glencore's Access World, which stores materials from metals to agricultural products, alerted police after finding counterfeit receipts bearing its name circulating in Asia, two people with knowledge of the matter said last week.