A court heard a subsidiary of mining firm Glencore bribed officials with cash flown in on private jets.
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Scooped by
Graham Watson
onto A-Level Business Management November 3, 2022 12:47 PM
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Glencore has been fined the not insubstantial sum "of £182.9m by Judge Peter Fraser at Southwark Crown Court, who also approved £93.5m to be confiscated from the company."
That's what you get for being the sort of company that operates in a corrupt fashion in sub-Saharan Africa, and calls into question the company's ethics. But will it have much of an effect? The £275m won't represent much in the grand scheme of things as far as the company is concerned, although it has already settled a similar case in the US to the tune of £900m.