City Of London
Glencore’s Billionaire Ex-Oil Head Charged With Corruption
- Alex Beard charged by UK’s SFO alongside four ex-employees
- One of the most senior oil traders ever charged with a crime
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Alex Beard, the billionaire former head of oil at Glencore Plc, was charged with corruption by the UK’s top fraud agency, alongside four other ex-employees from the commodities trader.
Beard, 56, who was one of Glencore’s top executives for more than a decade before his departure in 2019, is the highest profile individual to be charged in a sweeping series of investigations into corruption and market manipulation at the company – and one of the most senior commodity traders ever to be charged with wrongdoing.