Glencore agrees to pay Congo $180 million over bribery case
Associated PressBAAR, Switzerland — Commodities company Glencore said Monday that it has reached an agreement with the Democratic Republic of Congo to pay $180 million over bribery allegations spanning from 2007 to 2018. The U.S. Justice Department said in May that Glencore paid more more than $100 million to intermediaries over 10 years, “intending that a significant portion of these payments would be used to pay bribes to officials” in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea, Brazil, Venezuela and Congo. In Congo, Glencore acknowledged that it paid $27.5 million to third parties with the goal that a portion be used to bribe Congolese officials to secure improper business advantages, according to the Justice Department. The company “looks forward to continuing to work with the DRC authorities and other stakeholders to facilitate good governance and ethical business practices in the country.” Last month, a British court ordered Glencore to pay more than 280 million pounds for using bribes to bolster its oil profits in five African countries.
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Commodities giant Glencore is ordered to pay over $150M in wake of Congo mining bribery case
The IndependentCommodities giant Glencore is ordered to pay over $150M in wake of Congo mining bribery case
Associated Press
UK orders Glencore to pay millions over African oil bribes
Associated Press
Glencore ordered to pay £280m after admitting ‘blatant’ bribery in Africa
The Telegraph
Glencore corruption ‘condoned at very senior level’, court told
The Independent
Glencore pays up to $1.5B to resolve corruption claims
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