Former Glencore oil head Alex Beard pleaded not guilty to two bribery charges at London’s Southwark Crown Court on September 10, 2026. The charges involve the Swiss commodity trader’s operations in West Africa. Beard will stand trial in 2027.
The case continues a series of legal challenges regarding Glencore’s historical business practices. These proceedings maintain public scrutiny on the company’s past corruption and bribery issues despite the charges targeting a former employee.
Moody’s maintained its credit rating for Glencore in separate news. The agency cited the company’s diversified operations and solid market position as reasons for the stable outlook.