At a Southwark Crown Court hearing in London, Glencore Energy admitted to paying more than $28 million in bribes to secure preferential access to oil and generate illicit profit between 2011 and 2016. The company will be sentenced on November 2 and 3, the UK Serious Fraud Office said in a report byThe company still faces Swiss and Dutch investigations.
U.S. authorities will account for the bulk of penalties after Glencore agreed to a $1.1 billion US settlement last month to resolve a decade-long scheme to bribe foreign officials across seven countries. “The SFO’s success with Glencore will certainly not protect it from any flak that comes it’s way …” said Syed Rahman, a partner at Rahman Ravelli.
Then Zombie report exonerate the thugs
How come South Africa is not in the list?
No corruption here in SA and Zambia..? So many documentaries that show the pillage and rampant corruption especially the mineral and financial sector!
tyson_929 And South Africa 🇿🇦 as well
What makes south africa excluded on the list while Brian molefe told the commission about their bribery