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Tag: Paolo Scaroni

Italian Court Orders Trial Of Eni, Shell Over Malabu Scandal

Italian Court Orders Trial Of Eni, Shell Over Malabu Scandal

BUSINESS, NEWS
An Italian federal judge has approved the prosecution of Royal Dutch Shell and Italian giant, Eni over the $1.3 billion controversial sales of OPL 245 oil block. The judge also ordered that Eni executive, Claudio Descalzi, and his predecessor, Paolo Scaroni, should be tried for their role in bribery and corruption scandal. The trial is expected to commence on March 5, 2018, Italian media reports said Wednesday, December 20. Reacting to the judgment, the Italian firm said: “Eni’s Board of Directors has reaffirmed its confidence that the company was not involved in alleged corrupt activities in relation to the transaction. “Eni expresses its full confidence in the judicial process and that the trial will ascertain and confirm the correctness and integrity of its conduct,” the