Financial Crime Financial Crime

Glencore fined GBP276 million by UK court for Africa bribery

By Phoebe Seers
  • 03 Nov 2022 12:45
  • 03 Nov 2022 12:45
Glencore has been fined 276 million pounds ($317 million) by a UK court today, wrapping up a years-long investigation into bribes paid by the commodities trader across several African countries. 

A UK Glencore subsidiary pleaded guilty in June to seven counts of bribery, including two of failing to prevent bribery, following an agreement

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Phoebe Seers

Correspondent


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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