SFO settles decade-long ENRC fraud probe suit
BRITAIN’S Serious Fraud Office has reached a settlement with Kazakh miner ENRC, closing a lawsuit accusing the agency and law firm Dechert of inflicting substantial financial…
Glencore agrees to pay $180m in penalties to DRC related to corrupt activities
GLENCORE is to pay $180m to the Democratic Republic of Congo (DRC) for corrupt practices in which it engaged between 2007 and 2018 in an agreement today that also extends to…
UK court orders Glencore to pay R5.7bn for African oil trading bribes
A BRITISH subsidiary of mining and trading group Glencore was ordered to pay a total penalty of £276.4m ($310.6m) in a London court on Thursday for seven bribery offences in…
Glencore to pay $1.06bn in penalties as US, UK, Brazil wrap up corruption investigations
GLENCORE is to pay about $1.06bn in penalties following resolutions agreed with anti-graft organisations in the US, UK and Brazil, the company said on Tuesday. Other…
Glencore sets aside $1.5bn in penalty provision as anti-graft investigations near closure
GLENCORE has set aside $1.5bn in provisions related to penalties it believes may be imposed by anti-graft authorities which are currently running investigations into the group’s…
Glencore hopes shutdown will ease beleaguered state firm Transnet’s rail nightmare
GLENCORE said it hoped a 30-day maintenance programme at Transnet Freight Rail (TFR) would ease the state-owned freight firm’s operational problems which saw the mining and…