Alva Review-Courier -

Shell, Eni face corruption charges in corporate bribery case


December 21, 2017

MILAN (AP) — Shell and Eni as well as former and current executives will face trial over a $1.1 billion bribery scandal to take control of one of Africa's most lucrative oil blocks in Nigeria, a judge in Milan ruled Wednesday.

Anti-corruption campaigners say the trial, which is set to open March 5, will be the biggest corporate bribery trial in history, citing the heft of the two major oil companies involved. In all, 15 individuals face charges, including Eni's current and former CEOs.

According to Milan prosecutors, $520 million of the $1.1 billion paid into an escrow account was convert...

For access to this article please sign in or subscribe.


Reader Comments(0)


Our Family of Publications Includes:

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2021