Glencore Must Pay Almost $30 Million to Bribery Victim Crusader Health – by Chris Dolmetsch (Bloomberg News – February 27, 2023)

(Bloomberg) — Glencore Plc was told to pay almost $30 million in restitution to the founders of a company that provided healthcare related services in the Democratic Republic of the Congo and was forced to shut down as a result of the commodities giant’s global bribery scheme.

US District Judge Lorna G. Schofield in New York on Monday ordered Glencore to pay $29.6 million to the company, Crusader Health, for bribing a public official in the Democratic Republic of the Congo in exchange for dismissing a lawsuit brought by Crusader against a Glencore subsidiary. Crusader had sought more than $50 million.

Crusader’s story is an example of the sprawling web of corruption that led Glencore to admit to decades of bribery and market manipulation in May, agreeing to pay about $1.5 billion to settle probes in the US, UK and Brazil that have overshadowed its business for years. The company is scheduled to be sentenced by Schofield Tuesday.

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