Eni Says Prosecutor's Conviction Requests in Nigeria Case Are 'Groundless'
July 22 2020 - 4:04AM
Dow Jones News
By Giulia Petroni
Eni SpA said late Tuesday that Milan prosecutors' requests for
conviction of its former and current CEO in a trial over alleged
corruption in Nigeria are "completely groundless."
"Eni trusts that the truth can finally be re-established
following the defensive arguments that will be presented at the end
of September, pending the Milan Court's forthcoming verdict," it
said, denying any wrongdoing.
The case revolves around the Italian oil-and-gas major and Royal
Dutch Shell PLC's acquisition of a Nigerian oilfield in 2011.
Italian prosecutors allege the companies were aware that most of
the $1.3 billion paid to the Nigerian government to acquire
drilling rights would be distributed as bribes.
Referring to a previously issued statement, Shell said Wednesday
it believes there's no basis to convict the company or any of its
former employees. "There is no place for bribery or corruption in
our company," it said.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 22, 2020 03:49 ET (07:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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