LONDON, Oct 9 (Reuters) - Glencore's ( GLCNF ) former
head of oil Alex Beard and five other ex-employees of the Swiss
commodity trader will stand trial in a London court in 2027 on
bribery charges.
Beard, who indicated at his first court appearance last
month that he will plead not guilty, was not formally asked to
enter a plea at a brief hearing at London's Southwark Crown
Court on Wednesday.
The 57-year-old is charged with two counts of conspiracy to
make corrupt payments to government officials and officials of
state-owned oil companies: in Nigeria between 2010 and 2014 and
in Cameroon between 2007 and 2014.
Beard, who is the most high-profile commodity trader to have
been charged in Britain for alleged corruption, joined Glencore ( GLCNF )
in 1995 from BP, the biggest trading desk at that time, and was
head of oil from 2007 until 2019, when he retired.
He helped Glencore ( GLCNF ) become one of the top three oil trading
firms, trading as much as 7% of the world's oil in its heyday.
Five other ex-Glencore ( GLCNF ) employees - Andrew Gibson, Paul
Hopkirk, Ramon Labiaga, David Perez and Martin Wakefield - have
been charged with making corrupt payments relating to Glencore's ( GLCNF )
operations in Nigeria, Cameroon or Ivory Coast.
Gibson, Perez and Wakefield are further charged with
conspiracy to falsify documents between 2007 and 2011.
Gibson and Hopkirk indicated not guilty pleas at their first
appearance last month. Labiaga, Perez and Wakefield did not
indicate any pleas and were not required to do so.
All six defendants are expected to formally enter pleas in
October 2025 ahead of a trial in mid-2027.