Perhaps this news will surprise no one.

Bloomberg) -- Glencore Plc officials delivered cash in private jets to officials across Africa, UK prosecutors said as they laid out a web of bribery and corruption orchestrated by the London oil trading desk.

The company, founded by Marc Rich, admitted to seven counts of bribery across countries including Nigeria and Cameroon, following a Serious Fraud Office investigation. Prosecutors said the company paid more than $28 million in bribes to secure access to oil cargoes. It marks the first time a corporate has been convicted for paying bribes, according to the SFO.

A London judge will determine the final fine on Thursday.

#Glencore #London #corruption #fraud #bribery #Nigeria #Cameroon

https://www.bnnbloomberg.ca/glencore-flew-cash-across-africa-in-private-jets-to-pay-bribes-1.1840586