Corruption Offence: Mining Giant, Glencore Admits To Bribery In Africa

A British subsidiary of the mining company Glencore has pleaded guilty in a UK court to corruption offences, after being accused of paying millions of dollars in bribes to secure access to crude oil in Africa.

The UK’s Serious Fraud Office said Glencore had, via its employees and agents, paid bribes of more than $28m (£22.8m) in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan.

Sentencing will take place in November.

The Swiss-based multinational has already said it expects to pay up to $1.5bn dollars to settle allegations of bribery.