What is the Glencore bribery scandal?
Glencore plc faced a massive international corruption scandal involving widespread bribery and market manipulation across multiple countries, including operations in Nigeria, the Democratic Republic of the Congo, and Venezuela. Investigations conducted by authorities in the United States, United Kingdom, and Brazil revealed that company traders and agents paid hundreds of millions of dollars in bribes to secure preferential access to oil and mineral contracts. Glencore pleaded guilty and agreed to pay billions in combined criminal and civil penalties.
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