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Comment: Glencore fine may be a record, but for UK fraud prosecutor there may be reasons to worry

By Martin Coyle and Phoebe Seers ( November 7, 2022, 17:43 GMT | Comment) -- Glencore's penalty of 276 million pounds last week for bribery in Africa was a record fine for a criminal conviction by the UK's white-collar crime prosecutor. But it was less than the Serious Fraud Office had contended for or that it might typically aim to secure in a managed deferred prosecution agreement. That could prove worrying if other companies feel the risk of going through the courts is worth taking.When a judge in London punished Glencore last week for bribery in Africa, handing the global commodities trader a fine of 276 million pounds ($317 million), it represented a record of sorts for the UK's white-collar crime prosecutor (see here). ...

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