Prosecutors Allege Glencore Flew Cash Bribes To West Africa ...Middle East

OILPRICE - Economy
Prosecutors Allege Glencore Flew Cash Bribes To West Africa
source : OILPRICE ( Middle East ) () 24
Officials for commodity mining and trading giant Glencore were found to have been involved in a "web of bribery and corruption" orchestrated by the company's London oil trading desk, wherein company representatives boarded private jets to deliver cash to officials in West Africa, a new report by Bloomberg BNN reveals.  The company has admitted to seven counts of bribery, the report says. An investigation found that more than $28 million in bribes were paid to secure access to oil cargoes. Bribes were paid to officials in Nigeria, Cameroon,…

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