The Globe and Mail reports in its Tuesday edition that Britain's Serious Fraud Office aims to decide whether to charge any ex-Glencore employees with bribery offences by the end of 2023, the agency's lawyers told a London court on Monday.
A Reuters dispatch to The Globe says that the SFO is investigating former employees of Glencore's British subsidiary Glencore Energy UK Ltd. over potential criminal offences in relation to its operations in West Africa.
The SFO's decision has been delayed before. The agency said in October it aimed to make a decision in relation to 11 individuals employed by or associated with Glencore by April, but this was pushed back earlier this year.
The ex-Glencore employees who are under investigation by the SFO have been granted anonymity pending a decision by the office on whether to bring criminal charges.
Glencore's British subsidiary last year admitted seven bribery offences related to paying -- or failing to prevent the payment of -- millions of dollars in bribes to officials in Cameroon, Equatorial Guinea, Ivory Coast, Nigeria and South Sudan. Glencore has indicated that it is willing to bid for Teck Resources' coal assets, which have been valued at $8.2-billion (U.S.).
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