BusinessGlencoreOilSerious Fraud OfficeUK news

Glencore’s former head of oil pleads not guilty to bribery charges

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This story was selected and curated by our editorial team in the Business category. Published on September 10, 2026 • Originally reported by Simon Goodley. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Billionaire Alex Beard and his former deputy appear in London court over alleged payments to African officials

Glencore’s billionaire former head of oil trading has pleaded ⁠not guilty ⁠to ​two bribery charges after allegedly facilitating payments to west African officials in order to advance the Swiss commodity group’s operations ⁠in the continent.

Alex Beard, 59, denied two counts of conspiracy to make ⁠corrupt payments at London’s Southwark crown court on Thursday, in a case brought by the Serious Fraud Office (SFO).

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