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Glencore’s billionaire ex-oil head charged with corruption
Alex Beard, the billionaire former head of oil at Glencore Plc (LON:GLEN), 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. The UK’s Serious Fraud Office accused Beard of conspiring to make corrupt payments to ... (full story)
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- Posted: Aug 2, 2024 12:54am
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