London court forces Glencore to pay record £281m for bribery in Africa
by Jasper Jolly from on (#65DWC)
Miner hit with largest ever UK legal penalty for a company over endemic' corruption at African oil trading desk
The mining and commodities giant Glencore will be forced to pay 281m in fines, confiscated profits and costs as punishment for sustained criminality", the largest ever payment imposed on a company in a UK court.
A judge at Southwark crown court in London on Thursday said offences by a UK subsidiary of Glencore showed high culpability for the highly corrosive" offence of bribery.
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