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A British court has ordered commodities company Glencore to pay more than 280 million pounds for using bribes to bolster its oil profits in five African countries
Prosecutors have told a London court that employees and agents of British subsidiary of mining and trading group, Glencore, used private jets to transfer cash to pay bribes to oil officials in Nigeria and other West African countries. Britain’s Serious Fraud Office (SFO) told Southwark Crown Court on Wednesday, according Reuters report, that Glencore Energy UK Limited paid – or failed to prevent the payment of – millions of dollars in bribes to officials in five African countries, on the first day of a sentencing hearing.
A British court has ordered commodities company Glencore to pay more than 280 million pounds for using bribes to bolster its oil profits in five African countries
The UK Serious Fraud Office showed how Glencore paid more than $28 million in bribes across five African countries over five years to 2016.
A British court has ordered commodities company Glencore to pay more than 280 million pounds for using bribes to bolster its oil profits in five African countries