Glencore Billionaire Alex Beard Appears at UK Court Accused of Corruption

From bnnbloomberg.ca

Alex Beard, the billionaire former head of oil at Glencore Plc, appeared for the first time at a London court after being charged with corruption by the UK’s fraud agency. Beard, 57, was accused last month by the Serious Fraud Office of conspiring to make corrupt payments to government officials and state-owned oil firm employees in Nigeria and Cameroon more than a decade ago. Beard, among Glencore’s longest-serving top executives before his departure in 2019, is one of the most senior oil traders ever charged with a crime. His lawyer indicated at the Westminster Magistrates Court hearing that Beard would plead ... (full story)