| Glencore admit bribery. on 11:17 - Nov 3 with 1279 views | Keno |
Certain members of the Tory party will be furious about this
they missed out |  |
|  |
| Glencore admit bribery. on 11:38 - Nov 3 with 1228 views | XYZ |
It's a corporate crime - i.e. the company has been prosecuted not any individual.
A big fine but no-one's doing time for it. |  | | |
| Glencore admit bribery. on 11:51 - Nov 3 with 1199 views | BanksterDebtSlave |
| Glencore admit bribery. on 11:38 - Nov 3 by XYZ |
It's a corporate crime - i.e. the company has been prosecuted not any individual.
A big fine but no-one's doing time for it. |
Well yes, I know!!
Funny how there is no individual accountability within corporations isn't it. Obviously politicians are content with the arrangement too. Money y talks. |  |
| |
| Glencore admit bribery. on 11:55 - Nov 3 with 1188 views | NthQldITFC |
| Glencore admit bribery. on 11:38 - Nov 3 by XYZ |
It's a corporate crime - i.e. the company has been prosecuted not any individual.
A big fine but no-one's doing time for it. |
Corporate fines are meaningless to those who are doing the crime. Lock the bastards up and decimate their personal assets five times over would be my remedy. |  |
| |
| Glencore admit bribery. on 11:57 - Nov 3 with 1181 views | XYZ |
| Glencore admit bribery. on 11:51 - Nov 3 by BanksterDebtSlave |
Well yes, I know!!
Funny how there is no individual accountability within corporations isn't it. Obviously politicians are content with the arrangement too. Money y talks. |
It's a weird one that's for sure. Shareholders pay for executives' crimes. | | | |
| Glencore admit bribery. on 11:57 - Nov 3 with 1180 views | Guthrum |
| Glencore admit bribery. on 11:38 - Nov 3 by XYZ |
It's a corporate crime - i.e. the company has been prosecuted not any individual.
A big fine but no-one's doing time for it. |
Yet. Altho it is possible individuals may face charges at some point. |  |
| |
| Glencore admit bribery. on 12:13 - Nov 3 with 1158 views | Crawfordsboot |
This is an interesting dilemma. Should the controlling individuals demanding a bribe be prosecuted or should it be the company or individual paying the bribe.
In many parts of the world the only way business happens involves the greasing of palms. For a short period I worked running the finances of a not for profit school in India. The board (mostly from US and UK), took the high minded decision not to pay sweeteners of any kind. Trying to enforce this meant that the business operations ground to a halt. Even legal cases around contracts, enforcing judgements etc. we’re going nowhere. Ultimately I had to use a middle man who pursued matters and simply billed the gross sum to the school. He no doubt paid necessary tithes but I was able to confirm to the board that that we had paid our monthly invoices with no additional bribes.
I would prefer prosecution of those individuals demanding or accepting bribes because there are a great many parts of the world where companies are unable to operate without paying them. [Post edited 3 Nov 2022 12:20]
|  | | |
| Glencore admit bribery. on 12:16 - Nov 3 with 1150 views | BanksterDebtSlave |
| Glencore admit bribery. on 11:57 - Nov 3 by XYZ |
It's a weird one that's for sure. Shareholders pay for executives' crimes. |
Not forgetting the people who are having their resources stolen. | |
| |
Login to get fewer ads
| Glencore admit bribery. on 12:18 - Nov 3 with 1145 views | XYZ |
| Glencore admit bribery. on 11:57 - Nov 3 by Guthrum |
Yet. Altho it is possible individuals may face charges at some point. |
I doubt it.
The UK's record of successfully prosecuting white-collar crime is pathetic. | | | |
| Glencore admit bribery. on 12:27 - Nov 3 with 1123 views | XYZ |
| Glencore admit bribery. on 12:16 - Nov 3 by BanksterDebtSlave |
Not forgetting the people who are having their resources stolen. |
The commodity trading business has a long and dodgy history. | | | |
| Glencore admit bribery. on 12:54 - Nov 3 with 1074 views | BasingstokeBlue |
| Glencore admit bribery. on 11:55 - Nov 3 by NthQldITFC |
Corporate fines are meaningless to those who are doing the crime. Lock the bastards up and decimate their personal assets five times over would be my remedy. |
Leaving them with 59% of their original assets. Is that a strong-enough penalty? |  |
| |
| Glencore admit bribery. on 12:55 - Nov 3 with 1071 views | XYZ |
| Glencore admit bribery. on 12:54 - Nov 3 by BasingstokeBlue |
Leaving them with 59% of their original assets. Is that a strong-enough penalty? |
Loving the maths! | | | |
| Glencore admit bribery. on 18:00 - Nov 3 with 921 views | HARRY10 |
| Glencore admit bribery. on 11:17 - Nov 3 by Keno |
Certain members of the Tory party will be furious about this
they missed out |
How dare you, accusing Tories of being on the take
"Mr Bridgen broke the code of conduct by lobbying ministers on behalf of Mere Plantations — a reforesting firm from whom he had received “registrable financial benefits”, the Committee on Standards found."
https://www.independent.co.uk/independentpremium/uk-news/tory-mp-andrew-bridgen-
Alas, it is the 99% who give the other 1% a bad name.
Tory = corruption | | | |
| Glencore admit bribery. on 18:45 - Nov 3 with 880 views | bluelagos |
| Glencore admit bribery. on 12:13 - Nov 3 by Crawfordsboot |
This is an interesting dilemma. Should the controlling individuals demanding a bribe be prosecuted or should it be the company or individual paying the bribe.
In many parts of the world the only way business happens involves the greasing of palms. For a short period I worked running the finances of a not for profit school in India. The board (mostly from US and UK), took the high minded decision not to pay sweeteners of any kind. Trying to enforce this meant that the business operations ground to a halt. Even legal cases around contracts, enforcing judgements etc. we’re going nowhere. Ultimately I had to use a middle man who pursued matters and simply billed the gross sum to the school. He no doubt paid necessary tithes but I was able to confirm to the board that that we had paid our monthly invoices with no additional bribes.
I would prefer prosecution of those individuals demanding or accepting bribes because there are a great many parts of the world where companies are unable to operate without paying them. [Post edited 3 Nov 2022 12:20]
|
In Liberia, working for a charity I used to do the payroll, deduct all taxes and send a guy to pay them to the Ministry of Finance.
When I queried why it took 3 hours to pay one bill I learned that MoF staff where asking for bribes to move the paperwork, provide receipts. You had to pay a small bribe (like $5) to settle a tax bill of around $1500.
I got my guy to ask for a "receipt" for the $5 bribe which I promptly forwarded to the Finance minister.
We never paid the bribe again, but my guy would take 6 hours instead of 3. Loads of similar experiences, always tried to avoid bribes, sometimes they were unavoidable. If anyone wishes to get self righteous, come back when you've worked 8 years in Nigeria and tell me how that went.
What Glencore were doing was throwing money at bent officials presumably for concessions. Is how it works. Have no issue with them getting fined but agree the officials should be too. |  |
| |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
