Legal

Glencore Billionaire Alex Beard Appears at UK Court Accused of Corruption

Billionaire Beard’s lawyers said he would plead not guilty
David Perez latest to be charged by the Serious Fraud Office

Alex Beard arrives at Westminster Magistrates Court in London, on Sept. 10.Photographer: Hollie Adams/Bloomberg

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By Katharine Gemmell

September 10, 2024 at 9:37 AM UTC

Updated on

September 10, 2024 at 12:43 PM UTC

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UK authorities charged a sixth former Glencore Plc employee in their sweeping corruption case, as Alex Beard, the billionaire former head of oil at the commodities giant, appeared for the first time at a London court.

Beard, 57, was accused last month by the Serious Fraud Office of conspiring to make corrupt payments to government officials and state-owned oil firm employees in Nigeria and Cameroon more than a decade ago.