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“In July 2021, a former senior trader in charge of Glencore’s West Africa desk for the crude oil business pleaded guilty to one count of conspiracy to violate the FCPA and one count of conspiracy to commit money laundering.”The report adds.
“In the DRC, Glencore admitted that it conspired to and did corruptly offer and pay approximately $27.5 million to third parties while intending for a portion of the payments to be used as bribes to DRC officials, in order to secure improper business advantages.”The report reads in part.
According to a report released by the US Department of Justice on the 24th of May 2022, detailing the company’s unethical practices, it noted that Glencore used illegal means to get a competitive edge over its business rivals.
However, the scandal case in the DRC spans a decade, from 2007 to 2018, following investigations into the miner's activities in the country within the period in review, where numerous shreds of evidence of bribery were uncovered..
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