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Al Jazeera
Al Jazeera
Business

London court orders Glencore UK to pay $310m over bribery charges

Glencore London Peter Fraser Southwark Crown Court Africa Mining
The headquarters of Swiss commodity trading giant Glencore is seen in Baar, central Switzerland [File: Fabrice Coffrini/AFP]

A British subsidiary of Swiss mining and trading group Glencore has been ordered to pay a total penalty of 276.4 million pounds ($310.6m) by a London court for seven bribery offences in relation to its oil operations in Africa.

Glencore Energy UK Limited was on Thursday ordered to pay a 182.9 million pounds ($205.5m) fine by Judge Peter Fraser at Southwark Crown Court, who also approved a 93.5 million pounds ($105m) confiscation order.

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