Glencore Plc was hit with a £276 million penalty by a London judge after pleading guilty to coordinating a sprawling effort to bribe government officials for access to oil cargoes across Africa. The commodities trading giant admitted to seven counts of bribery across five countries including Nigeria and Cameroon, following a long-running Serious Fraud Office investigation.
It’s “committed to operating a company that creates value for all stakeholders by operating transparently under a well-defined set of values, with openness and integrity at the forefront.” The world’s top coal shipper, has been one of the biggest winners from the global energy crunch as demand surges for fossil fuels. The company’s trading business has also cashed in on dramatic price swings across markets from metals to oil following Russia’s invasion of Ukraine.
They should be blacklisted
Wonder what this will do to their cash flow? Or is it chump change?