A Glencore subsidiary on Tuesday pleaded guilty to multiple counts of bribery after admitting to bribing officials in countries Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan, marking a rare corporate conviction for corruption.
Glencore Energy also acknowledged two charges of failing to prevent bribes from being made on behalf of the business in relation to the awarding of crude oil cargoes 11 years ago.
Glencore has pleaded guilty to paying millions of dollars in bribes to secure crude oil in five African countries. It is the mining company's latest mea culpa in a series of bribery investigations worldwide.