GLENCORE UK CONVICTED ON SEVEN COUNTS OF INTERNATIONAL BRIBERY
June 27th, 2022
Glencore Energy (UK) has been convicted on seven charges of international bribery under the UK Bribery Act 2010, including two of corporate failure to prevent bribery. In a case brought by the Serious Fraud Office (SFO), at Southwark Crown Court on June 21, Glencore admitted to multiple counts of paying bribes in Africa to secure preferential access to oil and generate illicit profit. The SFO investigation found that Glencore used both employees and agents to pay bribes topping USD28 million from 2011 to 2016 to get officials at state-owned companies to unduly ...
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