Corruption at FTSE 100 firm described as endemic at sentence hearing
Glencore flew cash bribes to officials in Africa via private jet amid “endemic” corruption within the mining company, a London court has heard, in sentencing of the first ever UK corporate conviction on charges of bribing another person.
Third-party agents used Glencore’s money to bribe officials in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan, causing harms worth $128m, a sentencing hearing at Southwark crown court heard.
Corruption at FTSE 100 firm described as endemic at sentence hearingGlencore flew cash bribes to officials in Africa via private jet amid “endemic” corruption within the mining company, a London court has heard, in sentencing of the first ever UK corporate conviction on charges of bribing another person.Third-party agents used Glencore’s money to bribe officials in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan, causing harms worth $128m, a sentencing hearing at Southwark crown court heard. Continue reading…
