Even having pleaded guilty, will Glencore go unpunished in Africa?

by time news

The pan-African magazine The Continent is bitter. Prosecuted in a sprawling corruption case in the United States, the United Kingdom and Brazil, the giant of extraction and trading of raw materials Glencore has pleaded guilty and agreed to pay a fine of more than 1.1 billion euros. dollars (about 1.1 billion euros) to put an end to his legal troubles. The affair brought to light as rarely the illegal practices of an opaque sector. But, while the majority of the events took place in Africa, “on the mainland, little effort has been made to investigate the company or officials involved,” laments the pan-African weekly.

Nigeria, Cameroon, Ivory Coast…

Everything is now official, however. At the end of May, in the United States, Glencore admitted to distributing more than 100 million dollars in bribes in Nigeria, Cameroon, Côte d’Ivoire, Equatorial Guinea, the Democratic Republic of Congo (DRC), in Brazil and Venezuela in order to obtain oil contracts. The

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