The rap sheet is long and contains a rogue’s gallery of corrupt governments and failing states.
US Attorney General Merrick Garland participates in a press conference with law enforcement partners, at the Justice Department in Washington, DC, USA, 24 May 2022. Garland announced a multi-national firm, Glencore, has agreed to plead guilty and pay penalties to resolve investigations into the violation of the Foreign Corrupt Practices Act and a commodity price manipulation conspiracy.
“Between approximately 2007 and 2018, Glencore and its subsidiaries caused approximately $79.6-million in payments to be made to intermediary companies in order to secure improper advantages to obtain and retain business with state-owned and state-controlled entities in the west African countries of Nigeria, Cameroon, Ivory Coast and Equatorial Guinea.
“Glencore continues to cooperate with a previously disclosed and ongoing investigation by the Office of the Attorney General of Switzerland into Glencore International AG for failure to have the organisational measures in place to prevent alleged corruption, and an investigation of similar scope by the Dutch Public Prosecution Service.
Glencore’s share price was down around 2% on Wednesday afternoon, in part, one assumes, because the market had long braced itself for the coming shitstorm – one that is going to cost shareholders more than $1-billion. They include: “Implement and maintain ethical business practices and sound systems of corporate governance.”
CyrilRamaphosa PresidencyZA MYANC NPA_Prosecutes
Mel_BrooksSA 'Both Nagle and Glasenberg, incidentally, are South African and it may astonish a local audience that South Africa has not been mentioned in the rap sheet.' Wonder if that doesn't have to do with a certain Ramaphosa, who's your darling. What did Brian Molefe say at State Capture?