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The Guardian - UK

Business

Julia Kollewe

Glencore pleads guilty to bribery related to African oil operations

Glencore Oil SFO Serious Fraud Office United States

The Glencore headquarters in Baar, Switzerland — Glencore Energy UK was charged with bribery offences for preferential access to oil between 2011 and 2016. Photograph: Urs Flueeler/AP

A subsidiary of the commodity trader Glencore has pleaded guilty in a London court to seven counts of bribery related to its oil operations in several African countries.

The Serious Fraud Office, which had brought charges against the FTSE 100-listed company after conducting an investigation, said the sentencing hearing would take place on 2 and 3 November.

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