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.
What factors should be taken into account when inheriting Swiss citizenship abroad?
Should there be a limit to the passing on of Swiss citizenship? Or is the current practice too strict and it should still be possible to register after the age of 25?
Is your place of origin, your Heimatort, important to you?
Every Swiss citizen has a Heimatort, a place of origin, but many have never visited theirs. What’s your relationship with your Heimatort? What does it mean to you?
Over a quarter of Swiss Catholics consider leaving the church
This content was published on
In Switzerland 27% of Catholics have thought about leaving the church, according to a survey by the Sotomo research centre.
This content was published on
Following the Credit Suisse debacle, the Swiss Financial Market Supervisory Authority (FINMA) is adapting its organisation.
This content was published on
The Swiss Armed Forces are training their fighter jets in Bern to fly from a civilian base. The exercise at Bern Airport will last until Wednesday.
Plans materialise for new particle accelerator in Geneva
This content was published on
Preparations for a huge new particle accelerator in Geneva have reached a milestone. After several years of work, a feasibility study for the project has now been finalised.
This content was published on
The value of frozen Russian assets in Switzerland currently stands at CHF7.4 billion ($8.4 billion), the Swiss government announced on Tuesday.
This content was published on
The number of business start-ups in Switzerland accelerated in the first three months of the year, with entrepreneurs being particularly dynamic in Central Switzerland, Basel and Geneva.
Most Swiss authorities want to ban Nazi symbols in public
This content was published on
A majority of Swiss political parties, cantons and associations want to ban the use and distribution of Nazi symbols in public.
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.