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Glencore executives could face charges after company pleads guilty to bribery


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British prosecutors are considering charges against senior individuals involved in the Glencore bribery scandal after the mining giant pleaded guilty in court to paying $28m in kickbacks.

The company admitted to seven counts of bribery on Tuesday following a years-long investigation by the Serious Fraud Office (SFO).

Through middlemen, Glencore employees paid tens of millions of pounds to corrupt foreign government officials to gain preferential access to oil cargoes.

The bribes were sanctioned at a high-level in the company and involved its oil operations in Nigeria, Cameroon, the Ivory Coast, Equatorial Guinea and South Sudan.

But while Glencore itself has pleaded guilty in the UK and US, the SFO faces calls to charge former executives alleged to have sanctioned the kickbacks.


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