Glencore, who is facing corruption charges, will plead guilty in the UK

The office showed that employees of commodities companies paid more than $ 25 million in bribes. (Archives) KEYSTONE / URS FLUEELER sda-ats

This content was released on May 24, 2022 – 19:06


Glencore, a commodities company, faces seven scandals in the UK over its oil business in various African countries.

The Zug-based panel has pleaded guilty, and on Tuesday the SFO, the office responsible for fraud-related questions in the UK, led the investigation.

The SFO began an investigation in June 2019 against Glencore. The office found that employees of commodities in Cameroon, Guinea’s Equatorial, C டிte d’Ivoire, Nigeria and Sudan paid more than $ 25 million in bribes. Official Report of the SFO.

SFO has worked with judicial authorities in Switzerland, the United States and the Netherlands.

At a Westminster Magistrates’ Court hearing on Tuesday, Glencore said the company would plead guilty.

The SFO’s next hearing and oral hearing will take place on June 21 in Southwark Crown Court.

In mid-February, Glencore announced that it was under investigation in the United States, Great Britain and Brazil, and that the procedures should be completed this year. By the end of 2021, the group had paid $ 1.5 billion for these cases, not to mention what it came from.

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