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BBCNEWS HARDtalk June 4, 2024 04:34:00

Financial corruption. i mean, how do you define it? for the purposes of the court, it s political corruption. it s bribery, extortion, money laundering by a nation s rulers. but that s financial corruption perpetrated by politicians. essentially, yes. and it is obviously illegal. it s illegal in every country, and as i said, has devastating consequences. but where the rest of us might fear being punished if we violate the law, the people who rule these countries, these kleptocrats, have impunity, because they won t. .. they control the courts, often corrupt themselves, and won t permit the honest, effective investigation, prosecution and punishment of theirfamily, theirfriends and themselves. but is it reallyjust the politicians? i want to cite you a very recent case, earlier this month in november, a uk subsidiary of glencore, the mining giant, glencore energy uk, was found guilty of issuing about $310 million in bribes in africa to get access to oil. thejudge, peter fraser, said glen ....

Court Of Last Resort , Money Laundering , Won T , West Africa , Glencore Energy Uk , Mining Giant , Peter Fraser , 10 Million , 310 Million ,

BBCNEWS HARDtalk June 4, 2024 00:34:00

Recent case, earlier this month in november, a uk subsidiary of glencore, the mining giant, glencore energy uk, was found guilty of issuing about $310 million in bribes in africa to get access to oil. thejudge, peter fraser, said glencore energy uk s guilty plea represented corporate corruption on a widespread scale, deploying very substantial sums of money in bribes. the corruption is of extended duration and took place across five separate countries in west africa. what s the point ofjust pursuing the political leaders and letting the corporates off? we don t. this court would have jurisdiction over somebody who demanded or accepted a bribe and anybody who paid the bribe and anybody who enabled the laundering of that money. so you ve asked a very good question, but the company you describe would be within the jurisdiction of the international anti corruption court, if there wasn t, as there evidently was here in the uk, an effective national prosecution. ....

West Africa , Glencore Energy Uk , Mining Giant , Peter Fraser , 10 Million , 310 Million , Un Convention Against Corruption , Court Of Last Resort , We Don T , Point Ofjust , There Wasn T ,

BBCNEWS HARDtalk June 4, 2024 04:34:00

I mean, how do you define it? for the purposes of the court, it s political corruption. it s bribery, extortion, money laundering by a nation s rulers. but that s financial corruption perpetrated by politicians. essentially, yes. and it is obviously illegal. it s illegal in every country, and as i said, has devastating consequences. but where the rest of us might fear being punished if we violate the law, the people who rule these countries, these kleptocrats, have impunity, because they won t. .. they control the courts, often corrupt themselves, and won t permit the honest, effective investigation, prosecution and punishment of theirfamily, theirfriends and themselves. but is it reallyjust the politicians? i want to cite you a very recent case, earlier this month in november, a uk subsidiary of glencore, the mining giant, glencore energy uk, was found ....

Court Of Last Resort , Money Laundering , Won T , Glencore Energy Uk , Mining Giant ,