AP

Glencore agrees to pay Congo $180 million over bribery case

Dec 4, 2022, 8:19 PM | Updated: Dec 5, 2022, 11:00 am

FILE - This Feb. 7, 2012 file photo shows the headquarters of Glencore in Baar, Switzerland. Glenco...

FILE - This Feb. 7, 2012 file photo shows the headquarters of Glencore in Baar, Switzerland. Glencore has reached an agreement with the Democratic Republic of Congo to pay $180 million over bribery allegations spanning from 2007 to 2018. The announcement Monday, Dec. 5, 2022 comes months after the Anglo-Swiss company said it solidified deals with authorities in the U.S., Britain and Brazil to pay a total of $1.5 billion to resolve all accusations of corruption and market manipulation. (AP Photo/ Keystone/ Sigi Tischler, File)

(AP Photo/ Keystone/ Sigi Tischler, File)

BAAR, Switzerland (AP) — Commodities company Glencore said Monday that it has reached an agreement with the Democratic Republic of Congo to pay $180 million over bribery allegations spanning from 2007 to 2018.

It comes months after the Anglo-Swiss company announced deals with authorities in the U.S., Britain and Brazil to pay a total of $1.5 billion to resolve all accusations of corruption and market manipulation.

The U.S. Justice Department said in May that Glencore paid more more than $100 million to intermediaries over 10 years, “intending that a significant portion of these payments would be used to pay bribes to officials” in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea, Brazil, Venezuela and Congo.

In Congo, Glencore acknowledged that it paid $27.5 million to third parties with the goal that a portion be used to bribe Congolese officials to secure improper business advantages, according to the Justice Department.

“Glencore is a long-standing investor in the DRC and is pleased to have reached this Agreement to address the consequences of its past conduct,” Chairman Kalidas Madhavpeddi said in a statement. The company “looks forward to continuing to work with the DRC authorities and other stakeholders to facilitate good governance and ethical business practices in the country.”

Last month, a British court ordered Glencore to pay more than 280 million pounds ($341 million) for using bribes to bolster its oil profits in five African countries. It pleaded guilty in June after an investigation launched by the U.K.’s Serious Fraud Office in 2019 found it paid bribes worth a combined $29 million to gain access to oil in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Image:A portrait of Officer Vancouver Police Department officer Donald Sahota is displayed as he is...

The Associated Press

Man convicted of murder in death of Vancouver police officer shot by deputy

A Yakima man was found guilty of murder for his role in the death of a Vancouver police officer who was shot by a sheriff's deputy in error.

1 day ago

Image:The headquarters of Live Nation is shown June 29, 2020, in Beverly Hills, California. The Jus...

Associated Press

Government sues Ticketmaster owner and asks court to break up company’s monopoly on live events

The DOJ has accused Ticketmaster and parent company Live Nation Entertainment of running an illegal monopoly over live events in America.

4 days ago

Image: Ambulances are seen at the airport where a London-Singapore flight that encountered severe t...

Associated Press

World news roundup: Man dies after turbulence; Iran funerals; Israel media law

A Singapore Airlines flight hit severe turbulence over the Indian Ocean and descended 6,000 feet in a span of about three minutes.

6 days ago

Image: Bruce Nordstrom, left, and Jeannie Nordstrom attend the Nordstrom NYC Flagship Opening Party...

Associated Press

Bruce Nordstrom, who helped grow family-led department store chain, dies at 90

Bruce Nordstrom, a retail executive who helped expand his family's Pacific Northwest chain into an upscale national brand, has died.

7 days ago

Image:Israeli Prime Minister Benjamin Netanyahu attends the weekly cabinet meeting at the prime min...

Associated Press

World news roundup: Netanyahu arrest warrant; Assange can appeal; UK blood scandal

The International Criminal Court said it is seeking arrest warrants for Israeli and Hamas leaders, including Benjamin Netanyahu.

7 days ago

Image: In this photo released by the Iranian Presidency Office, President Ebrahim Raisi attends a m...

Associated Press

Iran president and others found dead at helicopter crash site, state media says

Iran President Ebrahim Raisi, the country’s foreign minister and others have been found dead at the site of a helicopter crash Monday.

7 days ago

Glencore agrees to pay Congo $180 million over bribery case