Swiss prosecutor hits Glencore with multi-million franc fine
Federal prosecutor sentences Glencore to a multi-million fine
Keystone-SDA
Select your language
Generated with artificial intelligence.
Listening: Swiss prosecutor hits Glencore with multi-million franc fine
The Swiss federal prosecutor has sentenced commodities group Glencore to a fine of CHF2 million in connection with a corruption affair in the Democratic Republic of Congo (DRC). It also imposed a compensation claim of $150 million.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
Bundesanwaltschaft verurteilt Glencore zu Millionenstrafe
Original
According to the penalty order published on Monday by the Office of the Office of the Attorney General (OAG) and Glencore, Glencore had not taken the necessary precautions to prevent the bribery of a Congolese public official by a business partner in 2011.
Glencore does not admit to the findings, but is refraining from contesting the penalty order out of an interest “in settling the matter”, the company announced.
The affair is related to the acquisition of minority stakes in two mining companies in the Democratic Republic of Congo in 2011. Glencore had already reached a settlement with the African country in 2022, which included a payment of $180 million.
Translated from German by DeepL/mga
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Culture
Wealth is not all: how gentrification in Zurich has led to housing shortage
Swisscom receives greenlight for acquisition of Vodafone Italia
This content was published on
The takeover of Vodafone Italia by Swisscom is nearing completion. All relevant authorities have now approved the €8 billion (CHF7.45 billion) deal.
Novo Nordisk stock market plunge drags down Swiss device maker Ypsomed
This content was published on
The Danish pharmaceutical giant, Novo Nordisk, faced setbacks on Friday that weighed on the share price of Swiss injection device manufacturer Ypsomed.
Swiss press react to EU deal with mix of euphoria and scepticism
This content was published on
Swiss media reaction to the agreement between Switzerland and the EU varies widely. Some are celebrating, while others worry about what is to come.
Swiss Solidarity donations to tackle child abuse top CHF4 million
This content was published on
Swiss Solidarity, the humanitarian arm of the Swiss Broadcasting Corporation (SBC), has raised over CHF4 million ($4.3 million) to tackle child abuse.
EU Commission president says Swiss-EU deal is ‘historic’ agreement
This content was published on
At a joint media conference with Swiss President Viola Amherd in Bern, European Commission President Ursula von der Leyen spoke of a "day of joy".
Switzerland and EU reach deal on future bilateral relations
This content was published on
Switzerland and the European Union have announced a political agreement to update their trading relationship after almost a decade of difficult talks.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.