Fraud Cops Implicate 11 Ex-Glencore Staff in Bribery Probe (1)

As many as 11 former Glencore Plc employees could be under investigation by UK prosecutors as the company prepares to be sentenced for bribery across five African countries, prosecutors said.

The commodity trading industry has been dogged by anti-corruption investigations for years, but few individual traders or executives have faced prosecution. The SFO’s comments mark the clearest sign yet that further charges are possible against individuals involved in the widespread corruption perpetrated by Glencore.

All the individuals referenced by the SFO are ex-employees, according to a Glencore spokesman.

The Glencore staff are implicated in a case summary detailing how the ...