In a recent press statement, the department of justice, United States, said the payment was to resolve the government’s investigations into violations of the Foreign Corrupt Practices Act and a commodity price manipulation scheme.
For over a decade, Glencore paid $100 million to third-party intermediaries through its employees and agents, it said. In Nigeria, the US department said Glencore and Glencore’s UK subsidiaries entered into multiple agreements to purchase crude oil and refined petroleum products from the NNPC through shady deals.
“In Brazil, the company caused approximately $147,202 to be used, at least in part, as corrupt payments for Brazilian officials,” it added.
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