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core making money now everyone wants a taste Mubadala Investment Company, an Abu Dhabi sovereign wealth fund whose board includes the Sheikh, is pursuing the crisis-hit Anglo-Swiss multi-national commodity trading and mining company in a joint action alongside dozens of other major firms, including HSBC and Standard Life.
Glencore was last week ordered to pay £281million by a London court. The Serious Fraud Office (SFO) said group subsidiary Glencore Energy UK facilitated the payment of millions of dollars in bribes to officials in five African countries.
Prosecutors said Glencore's employees and agents used private jets to transfer cash to pay the bribes.
Hopes of drawing a line under the scandal have been dashed after documents seen by The Mail on Sunday revealed a wave of incoming legal claims against Glencore, which experts believe could add up to billions of pounds.
It is feared that the litigation could run for years against Glencore and may entangle board members past and present, including former chief executive Ivan Glasenberg and current non-executive director Peter Coates.
The bribery case relates to about $26million (£23million) that was paid to officials of crude oil firms in Nigeria, Cameroon, Ivory Coast, Equatorial Guinea and South Sudan from 2011 to 2016.
Out with both deals ....sit back and enjoy the weekend.... next week is another matter :-)))
Woohoo
Day...yes they do ...are you still holding BP?
The whole company is based on bribery and corruption and si ate most other companies
I'm shocked I truly am
Oh come on!
Eviking no mate
YES :-))
Eviking £5.35 mate it'll get there patience mate ;-)...David no its bot mate tomorrow I reckon or mabe later on with yanks :-))
Eviking that's my target for my trades mate ..sell target
Morning eviking..£5.35 is taking its dam time
Stop handing cash out to China a d India in aid
Calls for ‘bigger, bolder’ windfall tax after BP’s £7bn profits; house prices hit by mini-budget turmoil – business live
Troajan..God knows whats going to happen to this market by all accounts it should of crashed by now
Oh beautiful mate
Re tradesmen yep I know what you mean had the kitchen and bathroom done I felt like these guys had taken over the house ...and the fooki g mess they left really pi.ssed me off
Living ..where abouts in France?
Living..your doing it way wrong mate get the kettle on or a cool beer and pay a professional to do it ...it works for me ;-))
Jon ..do what you want its your money ...but don't be afraid to trade either ;-)