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Benzinga
Benzinga
Politics
Anusuya Lahiri

Commodity Trader Glencore Looks To Settle Bribery, Market Manipulation Charges By Paying Penalties - Read How Much

Glencore Glencore Plc Oil United States

Commodity trader Glencore Plc (OTC:GLNCY) looks to plead guilty to multiple counts of bribery and market manipulation and pay penalties of up to $1.5 billion following U.S., U.K., and Brazilian investigations, the Financial Times reports.

Glencore agreed to pay about $1.5 billion in overall penalties, including the $1.1 billion to U.S. authorities, $40 million to Brazilian prosecutors, and an undisclosed amount due to the U.K. 

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