Glencore share price: Miner ordered to pay $40m over Romania oil fraud

Glencore (LON:GLEN) has been ordered to pay $40.1 million to OMV Petrom SA by the UK High Court of Justice for fraudulently shipping oil of a lower-than-purported quality to Romania in the 1990s.   Judge Julian Flaux said in a ruling on Friday that from 1993 to 1996, Marc Rich & Co. -- later to become Glencore International AG -- sold about 32 shipments of cheaper crude blends than agreed, and falsified documents. He ...

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