The mining and resource giant Glencore is being forced to pay £281million in fines, confiscated profits and costs as a penalty for “persistent crime”, the largest payment ever imposed on a company in a UK court.

A judge at Southwark Crown Court in London said Thursday offenses by Glencore’s UK subsidiary showed high culpability for the “highly corrosive” crime of bribery.

Glencore received a one-third rebate on fines after pleading guilty to bribery charges, which…

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