Fine and compensation payment close investigation over alleged bribery of Congolese public official by a business partner in 2011
Glencore has been ordered by Swiss authorities to pay about $152mn as a fine and compensation, resolving a four-year investigation in relation to the alleged bribery of a Congolese public official by a business partner in 2011.
“Glencore is pleased to have resolved these investigations relating to past matters that occurred over 13 years ago,” said chair Kalidas Madhavpeddi. “This resolves the last of the previously disclosed government investigations into historical misconduct.” Glencore is one of the world’s largest commodities traders, transporting millions of tonnes of metals, minerals and oil across the globe annually.
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