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Mining: Glencore pleads guilty in a corruption case in Africa

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The Juke mining team set aside one and a half billion to settle disputes. He pleaded guilty, especially in the case of bribery in Cameroon, C டிte d’Ivoire and Nigeria.

Glencore, a group based in Zug, has pleaded guilty in a British court to seven counts in a major corruption case involving its oil operations in sub-Saharan Africa.

Glencore, a group based in Zug, has pleaded guilty in a British court to seven counts in a major corruption case involving its oil operations in sub-Saharan Africa.

REUTERS

According to the Office of Criminal Matters Investigation (SFO), the Swiss mining company Glencore has pleaded guilty in a British court to seven counts in a widespread corruption case involving oil operations in sub-Saharan Africa. Judge Michael Snow referred the case to the Royal Court in Southwark, London, where the next hearing was adjourned to June 21.

The SFO began its investigations in 2019, with its investigators “finding bribery and corruption in the company’s oil operations in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan,” he explained on Tuesday. He claims that the total bribe paid by Glencore’s agents and employees, with the company’s contract, for priority access to oil was $ 25 million.

Corruption and market manipulation

This Tuesday, Glencore said he would “appear in court in the United States and the United Kingdom.” In February, the panel said it had set aside $ 1.5 billion to prosecute the two countries and Brazil on ongoing investigations into allegations of corruption and market manipulation.

In 2018, Glencore was sabotaged by the US judiciary as part of a major corruption investigation into its activities in Nigeria, Venezuela and the Democratic Republic of Congo. Other investigations were later launched, especially by the SFO.

(AFP)

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