Glencore pleads guilty in UK to bribery ahead of sentencing

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Glencore pleads guilty in UK to bribery ahead of sentencing
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The plea came after the UK’s Serious Fraud Office found the commodity giant paid more than $40 million in bribes across five African countries.

A Glencore unit pleaded guilty in a London court after the UK’s Serious Fraud Office found the commodity giant paid more than $US28 million in bribes across five African countries.

While the US settlements have been made public, the penalty in the UK has yet to be finalised. Sentencing has been set for November 2 and 3.

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