Accused of corruption and manipulation, Glencore signs agreements in the United Kingdom, the USA and Brazil

The group said in February that it had set aside $1.5 billion in provisions to settle ongoing investigations.

The Swiss group Glencore announced on Tuesday that it had entered into coordinated agreements with authorities in the United Kingdom, the United States and Brazil, pleading guilty to corruption and market manipulation.

The commodity trading company expects to pay $1.02 billion in the United States and $40 million in Brazil while the amount of penalties to be paid in the United Kingdom has yet to be fixed, details a press release. The group said in February that it had set aside $1.5 billion in provisions to settle ongoing investigations in the United States, United Kingdom and Brazil.

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