Glencore’s former head of oil pleads not guilty to bribery charges
Summary
Alex Beard, former head of oil trading at Glencore, has pleaded not guilty to bribery charges related to payments in West Africa. He and five other former Glencore employees deny conspiracy to make corrupt payments to government officials in Nigeria, Cameroon, and Côte d’Ivoire. Their trial is scheduled for October 2027.Key Facts
- Alex Beard is the former head of oil trading at Glencore and a billionaire.
- Beard denies two charges of conspiracy to make corrupt payments.
- The alleged bribery occurred between 2007 and 2014 in Nigeria, Cameroon, and Côte d’Ivoire.
- Andrew Gibson, former head of oil operations, also denies charges including falsifying documents.
- Four other former Glencore traders have pleaded not guilty to related charges.
- The Serious Fraud Office (SFO) is handling the corruption case.
- The trial for all six defendants is set to start on October 4, 2027.
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