commodity trader glencore plc glncy looks to plead guilty to multiple counts of bribery and market manipulation and pay penalties of up to 15 billion following us uk and brazilian investigations the financial times reports glencore agreed to pay about 15 billion in overall penalties including the 11 billion to us authorities 40 million to brazilian prosecutors and an undisclosed amount due to the uk the uk serious fraud office charged the group’s subsidiary glencore energy uk with seven profitdriven bribery and corruption cases related to oil operations in cameroon equatorial guinea ivory coast nigeria and south sudan glencore agents and employees allegedly paid bribes worth over 25 million for preferential access to oil in the us glencore pleaded guilty to a decadelong bribery scheme and an eightyear scheme to manipulate us fuel oil price benchmarks in 2018 the us department of justice launched a wideranging investigation followed by the sfo in 2019 glencore faced €105 million bribery charges to induce officials of companies société nationale des hydrocarbures and the société nationale de raffinage glencore faced bribery charges of €47 million between july 2011 and april 2016 to influence officials to favor the company in oil transactions in the ivory coast failing to prevent individuals connected to the company from bribing officials concerned with awarding crude oil cargoes in equatorial guinea