Glencore Corruption Probes Draw to a Close With Swiss Fine (2)

Glencore Plc will pay $152 million after Swiss authorities wrapped up an investigation into the commodities trader and miner, marking the end of more than six years of legal probes across Europe and the Americas.

Swiss prosecutors found that Glencore failed to take reasonable measures to prevent the bribery of a Congolese public official by a business partner in 2011, the office of the attorney general said in a statement on Monday.

Glencore said it does not admit the findings, but has agreed not to appeal the summary penalty order in the interests of resolving the matter. A parallel investigation ...