Glencore Ltd, a member of the multi-national commodity trading and mining firm headquartered in Switzerland, has pleaded guilty and agreed to pay US$485 million to resolve the US government’s investigations into a commodity price manipulation scheme.

Separately but at the same time, Glencore International AG has pleaded guilty and agreed to pay US$700 billion to resolve investigations into corrupt payments and bribery that violated the Foreign Corrupt Practices Act (FCPA).

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