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  • Italy prosecutors seek jail term for Eni, Shell executives in Nigeria case
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Italy prosecutors seek jail term for Eni, Shell executives in Nigeria case

Admin July 23, 2020
Shell-Eni

(COMBO) This combination of pictures created on December 20, 2017 shows the logo of a Shell petrol station in central London on January 17, 2014 and the logo of the Italian oil and gas company Eni in San Donato Milanese, near Milan on October 27, 2017. Italian giant Eni and fellow petroleum company Shell will stand trial in Italy over allegations of bribery and corruption in the 2011 purchase of an offshore oil block in Nigeria according to Italian media reports on December 20, 2017. A judge in Milan ordered Eni, Shell and key figures such as Eni chief Claudio Descalzi and his predecessor Paolo Scaroni to stand trial in proceedings to begin March 5. / AFP PHOTO / CARL COURT AND MARCO BERTORELLOCARL COURT,MARCO BERTORELLO/AFP/Getty Images

Italian prosecutors in a Milan court have asked for oil majors Eni and Shell to be fined 900,000 euros ($1.04 million) each and sought to confiscate a total of $1.092 billion from all the defendants in the case where the equivalent of the bribes alleged to have been paid.

Eni

Reuters reports that the prosecutors also want some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed for eight years in prison for and seven years and four months for Shell’s former head of upstream Malcolm Brinded.

In one of the oil industry’s biggest suspected scandals, Italian prosecutors allege Eni and Shell acquired a Nigerian oilfield in 2011 knowing most of the $1.3 billion purchase price would go to politicians and middlemen in bribes.

The companies and individuals accused have all denied wrongdoing in the case.

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Tags: Claudio Descalzi Eni Malcolm Brinded Shell

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