Glencore will pay at least $1.2 billion in a settlement with the U.S., U.K. and Brazil to resolve long-running bribery and market manipulation probes
Glencore PLC said Tuesday it would pay at least $1.2 billion and two business units would plead guilty to bribery in the U.K. and to conspiracy to violate U.S. anticorruption laws, resolving criminal probes into its global mining and trading business that have hung over the company for years.
Glencore International AG will pay about $700 million to resolve a U.S. Justice Department foreign-bribery investigation and $39.6 million to settle bribery claims in Brazil, according to the company. Another unit has agreed to pay $485 million to settle U.S. criminal and civil investigations into manipulation of fuel-oil prices, Glencore said.
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