Algeria corruption case: Eni, ex-boss acquitted of bribery, Saipem, its CEO found guilty

0
25

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.

Reuters

WHO IS DZ BREAKING?

 

 

An Algerian news website aims at covering all the country’s territory through providing objective and positive image, focusing the most on breaking news.

A dynamic team is working on feeding the website by credible information in all fields of life; a reliable network composed of specialized elements working in harmony with our team in Algiers, the website’s headquarter, provides us more coverage and simultaneity.

“English” is what makes us different in Algeria and ranks us first too not only as a news website; English also makes it simple and fast for Anglophone world to discover our country.

 

 

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here