The United Kingdom subsidiary of mining and commodity trading group Glencore was Thursday asked by a London court to pay £281 million in fines, confiscated profit, and as a sanction for its part in seven bribery offenses about its oil business in Africa.
Before the fine, the London court had been told of how Glencore’s staff and middlemen gave kickbacks to the tune of £27 million to officials in Nigeria, Ivory Coast, Cameroun, South Sudan, and Equatorial Guinea, triggering harms estimated at $128 million.
Abdulahi Hassan completes the story