Glencore Energy UK to pay $310m fine over bribery conduct
Anglo-Swiss multinational Glencore’s subsidiary Glencore Energy UK has confirmed it will pay a financial penalty and costs of £281-million, or $310-million, in respect of five counts of bribery and two counts of failure to prevent bribery.
The penalty was determined by Southwark Crown Court Judge Justice Fraser, in London, following an investigation undertaken by the UK Serious Fraud Office (SFO).