Energy major Eni and its former boss Paolo Scaroni have been acquitted of bribery in Algeria between 2007 and 2010 by an Italian court, however, oil services group Saipem and a former CEO were found guilty of corruption in a long-running trial over bribes.
Eni, its former CEO Scaroni and its subsidiary Saipem have been facing trial for three years over the alleged payment of $230 million to Algerian officials to win energy contracts.
“Eni welcomes today’s judgment of acquittal on the grounds there was no case to answer,” the Italian major said in a statement.
On the other hand, Milan judges sentenced one-time Saipem CEO Pietro Tali to four years and nine months in prison and seized 197.9 million euros ($231 million) from the company. The company was also fined 400,000 euros.
For its part, Saipem said, in a statement, it reserved the right to appeal the decision once the reasons underpinning it had been revealed within 90 days. Tali has previously denied any wrongdoing.
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