Reported 2 months ago
Swiss prosecutors have found Glencore's international unit criminally liable for bribery involving a Congolese official, resulting in fines and compensation totaling over $150 million. The investigation concluded that Glencore failed to adequately prevent bribery during its 2011 acquisition of mining interests in Congo. Although Glencore did not admit wrongdoing, it will not appeal the decision, continuing the scrutiny faced by major commodities firms in their dealings in developing nations.
Source: YAHOO