Glencore Unit Pleads Guilty To 7 Bribery Charges In UK
By Richard Crump (June 21, 2022, 3:16 PM BST) -- A British subsidiary of mining giant Glencore formally pled guilty at a London court on Tuesday to seven counts of bribery in connection with its oil operations in several African countries.
Glencore Energy (UK) Ltd. admitted to paying bribes of more than $28 million to officials at a range of African state-owned oil companies for preferential access to generate illicit profit and secure access to oil, perks that included increased cargoes, valuable grades of oil and preferable dates of delivery.
The company entered a formal plea at Southwark Crown Court after Glencore International AG pled guilty in May to bribery and market...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!