Perhaps this news will surprise no one.
Bloomberg) -- Glencore Plc officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading desk.The company, founded by Marc Rich, admitted to seven counts of bribery across countries including Nigeria and Cameroon, following a Serious Fraud Office investigation. Prosecutors said the company paid more than $28 million in bribes to secure access to oil cargoes. It marks the first time a corporate has been convicted for paying bribes, according to the SFO.
A London judge will determine the final fine on Thursday.
#Glencore #London #corruption #fraud #bribery #Nigeria #Cameroon
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