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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAfter pleading guilty, Glencore will pay nearly $1.5 billion to settle its disputes. The Swiss giant in mining and commodity trading was in the sights of justice in several countries.
In the United States, the group, which operates in mining and oil trading, pleaded guilty to corruption and market manipulation. It should do the same in the United Kingdom. The amount of the financial penalty in Britain is still to be set at a hearing next month, but Glencore said Tuesday that it expects a total fine close to the $1.5 billion set aside at the start of the year. The agreement with the American authorities also provides for the appointment of an external auditor for three years.
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