Glencore pleaded guilty to the malfeasances in June.
how Glencore’s staff and middlemen gave kickbacks to the tune of £27 million
The SFO added that employees of Glencore moved bribes to the five countries by way of private jets, using false documents to conceal the real purposes of the money. Kalidas Madhavpeddi, Glencore’s chair, appeared in court for the second day, this time behind a facemask.Yet, the monetary sanctions the company will pay in the UK are way lower than what has been levied by authorities in the United States, even though Glencore’s shares are quoted in London.
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