The logo of commodities trader Glencore is pictured in front of the company's headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmannwas ordered to pay a total penalty of 276.4 million pounds in a London court on Thursday for seven bribery offences in relation to its oil operations in Africa.
The judge said the offences to which Glencore had pleaded guilty represented "corporate corruption on a widespread scale, deploying very substantial sums of money in bribes". Clare Montgomery, representing Glencore, said: "The company unreservedly regrets the harm caused by these offences and recognises the harm caused, both at national and public levels in the African states concerned, as well as the damage caused to others."
Shame on British Justice system! People end up in jail for stealing from a corner store; but stealing from millions in former colonies is just “fines” and no “jail”.
They should pay that in DR Congo instead.
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Glencore flew millions in cash for bribes across Africa in private jetsGlencore 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. I'm certain they delivered Phala-Phala US dollars. The Brits obviously don't know how you do business in Africa💶
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