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Glencore pleads guilty to decade of bribery and manipulation

Glencore admits to bribery and market manipulation and enters settlements for USD 1.5bn, concluding long-time probes into the company which revealed intent to pursue profit at any cost.

Photo: Urs Flueeler/AP/Ritzau Scanpix

By Chris Strohm, Chris Dolmetsch and Jack Farchy, Bloomberg News

Glencore Plc admitted to bribery and market manipulation and said it will pay about USD 1.5bn to settle US, UK and Brazilian probes that have hung over the commodities giant for years.

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