Glencore Entered Guilty Pleas to Foreign Bribery and Market Manipulation Schemes

Glencore Entered Guilty Pleas to Foreign Bribery and Market Manipulation Schemes
Swiss-Based Firm Agrees to Pay Over $1.1 Billion

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 today 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.

Related: Glencore Entered Guilty Pleas to Foreign Bribery and Market Manipulation Schemes