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Violation Tracker UK Individual Case

Company: Glencore Energy (UK) Ltd
Current Parent CompanyGlencore
Parent at the Time of the Penalty Announcement: Glencore
Penalty: £280,965,092
Year: 2022
Date: 3 November, 2022
Offence Group: competition-related offences
Offence Type: bribery
Violation Description: Glencore Energy (UK) Ltd was convicted on charges of bribery brought against it by the Serious Fraud Office (SFO). At Southwark Crown Court, the company admitted to multiple counts of paying bribes to secure access to oil and generate illicit profit and was sentenced to pay £280 million.
Action Type: agency action
Agency: Serious Fraud Office
HQ Country of Parent: Switzerland
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: commodity trading; mining
Source of Data(click here)