(Bloomberg) -- Glencore Plc admitted to bribery and market manipulation and said it will pay about $1.5 billion to settle US, UK and Brazilian probes that have hung over the commodities giant for years.Most Read from BloombergPlot to Kill George W. Bush in Revenge for Iraq War Was Foiled, FBI SaysSocial Media Stocks Sink to Erase $135 Billion on Snap WarningStocks Finish Off Session Lows While Bonds Climb: Markets WrapHungary’s Orban Declares State of Emergency Over War, EconomyBroadcom in Talks
Company also indicates it will plead guilty to bribery counts in UK in relation to oil operations in Africa
The announcement came after Glencore Energy UK indicated in a London court it will plead guilty.