Glencore agrees to plead guilty to corruption charges
The commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and the UK. It follows a five-year investigation into corporate malpractice.
The commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and the UK. It will pay more than $1 billion to end a five-year investigation into corporate malpractice. It was accused of directing traders to fix the oil market as well as using bribes to secure business in half a dozen countries, mostly in Africa.
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Image: the headquarters of Swiss commodity trading giant Glencore in Baar, central Switzerland. Credit: Getty images.
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- Tue 24 May 2022 22:32GMTΒι¶ΉΤΌΕΔ World Service except Europe and the Middle East