A decision by Glencore to resolve separate bribery and market manipulation investigations in the US, UK, and Brazil is a cautionary tale for businesses that wish to avoid hefty fines and maintain their attractiveness as a responsible employer.
The Anglo-Swiss multinational pleaded guilty last month to charges of bribery and market manipulation in the US. In a coordinated settlement, the commodities trader and mining giant has agreed to pay around $1.1bn in penalties to settle the largest criminal enforcement action of its type in US Department of Justice history.
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