Glencore faces steep penalties over African bribery scandal; mining corporation used private jet to fly bribe

Glencore is facing fines in millions of dollars for a series of corruption offences in which it used a private plane to fly money to bribe officials in different African governments.

In June, a division of the FTSE 100 commodities behemoth admitted to paying many bribes to get access to oil supplies.

Following the filing of a number of charges by the Serious Fraud Office, it was the first time a firm had ever been found guilty of bribery under UK law (SFO).

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