Business Corruption Crime Oil & Gas

Mining company fined $310m for bribes to Nigeria, other African countries

In a London court on Thursday, a mining and trading company named Glencore was forced to pay a total of £276.4 million ($310.6 million) in fines for seven bribery violations involving its oil activities in Africa. Judge Peter Fraser of Southwark Crown Court imposed a £182.9 million fine and authorised a £93.5 million confiscation order Read More…