Former Glencore Trader Assists U.S. Probe on Africa Bribes

The transcript discusses a major bribery case involving a former senior oil trader at Glencore, who paid millions in bribes to African officials. This case highlights longstanding corruption issues in the commodity trading industry, particularly in developing economies. Glencore has since reformed its practices, eliminating the use of intermediaries and distancing itself from those involved in the scandal. The industry claims to have improved its ways, reducing reliance on corrupt practices.

What changes has Glencore made regarding the use of intermediaries?

In what ways have the world's biggest traders, including Glencore, altered their business practices?