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Legal proceedings in the case filed by the UK's Serious Fraud Office (SFO) against the company are scheduled to commence on June 1, 2027. It is anticipated that they will endure for approximately 6 months.
Bloomberg states that the long proceedings are due to the fact that criminal courts in Britain are overwhelmed with a backlog of cases. The lack of sufficient funding to the sector, the impact of the COVID-19 pandemic, and strikes by lawyers have all contributed to this outcome.
Alex Beard and Andy Gibson, along with several other former employees of Glencore's oil division, are set to be tried in court. The SFO alleges that they conspired to give corrupt payments in order to obtain special access to oil assets in West Africa.
The charges are connected to agreements given by Glencore in Cameroon, Nigeria, and Cote d'Ivoire from 2007 to 2014.
source: bloomberg.com
Bloomberg states that the long proceedings are due to the fact that criminal courts in Britain are overwhelmed with a backlog of cases. The lack of sufficient funding to the sector, the impact of the COVID-19 pandemic, and strikes by lawyers have all contributed to this outcome.
Alex Beard and Andy Gibson, along with several other former employees of Glencore's oil division, are set to be tried in court. The SFO alleges that they conspired to give corrupt payments in order to obtain special access to oil assets in West Africa.
The charges are connected to agreements given by Glencore in Cameroon, Nigeria, and Cote d'Ivoire from 2007 to 2014.
source: bloomberg.com