Glencore Headquarters

Glencore Energy UK has been ordered to pay nearly £281 million ($314 million) in fines and costs after an investigation by the UK’s Serious Fraud Office (SFO) found it had taken $29 million in bribes had paid to gain preferential access to oil in Africa to increase profits.

The sentence is the highest to date for an SFO case following a corporate conviction, largely due to the fact that senior officials willfully…

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