Bloomberg News

Glencore Fined 500,000 Euros Over Corruption Case, Belga Says

June 27, 2012

A Glencore International Plc (GLEN) unit and Union Invivo were each fined 500,000 euros ($622,800) by a Belgian court in a corruption case involving a European Union official, Belga reported.

The criminal appeal court in Brussels gave a 14-month prison sentence to a European Commission official for providing confidential information on agriculture markets to companies, the news agency said. The official was also fined 55,000 euros.

Charles Watenphul, a spokesman for Glencore in Baar, Switzerland, said the company received the ruling and is considering its position.

Union Invivo didn’t immediately answer a call after business hours seeking comment.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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