Glencore Entered Guilty Pleas to Foreign Bribery and Market Manipulation Schemes

Tuesday, May 24, 2022

Glencore International A.G. (Glencore) and Glencore Ltd., both part of a multi-national commodity trading and mining firm headquartered in Switzerland, each pleaded guilty and agreed to pay over $1.1 billion to resolve the government’s investigations into violations of the Foreign Corrupt Practices Act (FCPA) and a commodity price manipulation scheme.

Attorney General Merrick B. Garland speaks from a podium to the crowd. Behind him, from left to right are Vanessa Roberts, Damian Williams, Kenneth A. Polite, Jr., Brian Turner, Luis Quesada, and Deputy Chief of the U.S. Postal Inspection Service Craig Goldberg.
Assistant Attorney General Kenneth A. Polite, Jr. speaks at the podium. Behind him is U.S. Attorney Damian Williams and Attorney General Merrick B. Garland.
U.S. Attorney Damian Williams speaks at the podium. Behind him are FBI Associate Deputy Director Brian Turner and Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division.
U.S. Attorney Vanessa Roberts speaks at the podium. The other officials stand behind her around the Department of Justice seal and flag.
Assistant Director Luis Quesada of the FBI’s Criminal Investigative Division speaks at the podium with a Department of Justice seal. Behind him are Assistant Attorney General Kenneth A. Polite, Jr. of the Justice Department’s Criminal Division and Attorney General Merrick B. Garland.
Related: 

https://www.justice.gov/opa/pr/glencore-entered-guilty-pleas-foreign-bribery-and-market-manipulation-schemes

https://www.justice.gov/opa/speech/attorney-general-merrick-b-garland-delivers-remarks-announcing-glencore-guilty-pleas

Updated June 28, 2022