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Glencore Says Bribery Days Are Over. Now It Has to Prove It

  • Trader will be assessed by independent monitor for three years
  • CEO Nagle says Glencore is a ‘different company’ after probes
Updated on

Glencore Plc has closed the “cash desks” in London and Switzerland that once dispensed money for bribes. Employees implicated in sweeping, cross-border corruption investigations are gone. New safeguards are in place, and boss Gary Nagle says it’s a “different company.”

Now he will have to prove it.