Five former Glencore oil traders were on Thursday charged in the United Kingdom (UK) in connection with a bribery case in Nigeria and other West African countries.
The UK’s Serious Fraud Office (SFO) in a statement on Thursday, said Alex Beard, Andrew Gibson, Paul Hopkirk, Ramon Labiaga and Martin Wakefield were charged with conspiring to make “corrupt payments” in order to benefit commodities giant Glencore’s oil operations in West Africa.
The SFO said the five individuals have been charged in connection with the awarding of a range of oil contracts spanning Cameroon, Nigeria and the Ivory Coast from 2007 to 2014.
Andrew Gibson and Martin Wakefield have also been charged about the falsification of invoices to Glencore’s London office marked as service fees to a Nigerian oil consultancy from 2007 to 2011.
The individuals will appear before Westminster Magistrates’ Court on 10th September.
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