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The Independent UK
The Independent UK
National
Via AP news wire

Glencore pays up to $1.5B to resolve corruption claims

Glencore Corruption Damian Williams Brazil Britain
ASSOCIATED PRESS

Commodities firm Glencore says it has reached deals with authorities in the United States, Britain and Brazil to resolve corruption allegations in return for penalties totaling up to $1.5 billion.

The Anglo-Swiss company said late Tuesday that it will pay $700 million to resolve a U.S. bribery probe and a further $486 million in connection with allegations of market manipulation.

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