November 30, 2022

Brighton Journal

Complete News World

Glencore pleaded guilty to corruption in the United Kingdom, the United States and Brazil

The Swiss group Glencore announced that it had reached agreements with authorities in the United Kingdom, the United States and Brazil. The company, which is dedicated to exploiting and marketing raw materials and food, pleaded guilty. Corruption And market manipulation.

The company expects to pay US $ 1,020 Millions To the United States and $ 40 million to Brazil. According to a report, the amount of fines to be transferred to the UK has not yet been defined.

The Swiss company was at the center of the scene for contacts with an agricultural export company in Argentina. Vincent.

The agency said it expects a final global settlement, including future fines in the UK, not to exceed the $ 1.5 billion set aside in February for investigations into the activities of the Democratic Republic of the Congo, Nigeria and Venezuela.

“Glencore has settled previously revealed investigations into past activities of some group businesses related to bribery in the United States, the United Kingdom and Brazil,” it said in a statement.

Any final decision would end a multi-year investigation by the US and British governments into overthrowing a Swiss-based multinational company still facing corruption and bribery investigations, including by Swiss and Dutch officials.

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