Serious Fraud Office secures Glencore conviction on seven counts of international bribery

24 Jun 2022 01:08 PM

Glencore Energy (UK) Ltd were yesterday convicted on all charges of bribery brought against it by the Serious Fraud Office (SFO). At Southwark Crown Court, the company admitted to multiple counts of paying bribes to secure access to oil and generate illicit profit. 

The SFO’s investigation exposed that Glencore, via its employees and agents, paid bribes of over $28 million for preferential access to oil, including increased cargoes, valuable grades of oil and preferable dates of delivery.  These actions were approved by the company across its oil operations in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan.

Glencore will be sentenced on 2nd  and 3rd November his year.

Notes to Editors:

Press Office contact details:


Phone:  +44 (0)7557 009842