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Glencore’s UK unit pleads guilty to bribery charges

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Fraud

 

Swiss miner Glencore PLC’s British subsidiary Glencore Energy UK Ltd. recently pleaded guilty in a U.K. court to bribery in five African countries to illicitly secure access to crude oil, BBC reported. The U.K.’s Serious Fraud Office said that the company paid more than $28 million in bribes to officials in Nigeria, Cameroon, Equatorial Guinea, Ivory Coast and South Sudan between 2012 and 2016.

 

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