NEW YORK – A former Glencore trader who said he was part of a bribery scheme to win oil contracts from Nigeria transferred $300, 000 of company funds in 2014 to an intermediary who’d requested the cash to benefit a senior government official in the nation’s elections, US court filings show.Anthony Stimler, who left the Baar, Switzerland-based commodity giant in 2019, pleaded guilty in New York on Monday to corruption and money-laundering charges. Prosecutors described in court filings how Stimler and others paid millions of dollars in bribes between 2007 and 2018 in several countries, including to officials at Nigerian National Petroleum, the state-owned oil company, on behalf of Glencore.According to the US, a “co-conspirator” notified Stimler by email in September 2014 that a “high-ranking Nigerian official” who was not identified had set conditions for companies wishing to secure crude shipments – NNPC’s customers “are giving in advance ($300, 000) each month/cargo plus a certain […]
COURT DOCUMENTS REVEAL EX-GLENCORE TRADER’S POLITICAL BRIBES IN NIGERIA
