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Glencore agrees to plead guilty to corruption charges

Glencore has agreed to plead guilty to corruption charges in the US and UK. It will pay more than $1 billion to end a five-year investigation into corporate malpractice.

The commodities giant Glencore has agreed to plead guilty to corruption charges in the United States and the United Kingdom. It will pay more than $1 billion to end a five-year investigation into corporate malpractice. It was accused of directing traders to fix the oil market as well as using bribes to secure business in half a dozen countries, mostly in Africa. We also hear about Sri Lankan Prime Minister Ranil Wickremesinghe's plans to deal with the country's economic crisis.

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20 minutes

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