Glencore to pay UK £281m in UK fines over African oil bribery

International and Switzerland-based mining major Glencore has settled UK bribery cases brought by Britain's Serious Fraud Office (SFO), acceptinga UK£280.9 million (US$314.5 million) penalty ordered by Southwark Crown Court, London.

By Keith Nuthall

International and Switzerland-based mining major Glencore has settled UK bribery cases brought by Britain's Serious Fraud Office (SFO), acceptinga UK£280.9 million (US$314.5 million) penalty ordered by Southwark Crown Court, London.