Eni SpA Chief Executive Officer Claudio Descalzi was acquitted of corruption charges by a Milan court in a case involving $1.1 billion in payments in a Nigerian oil deal, capping a three-year trial. Italian prosecutors had sought an eight-year jail term for the executive.
Several former executives of Eni and Royal Dutch Shell Plc were also cleared in the trial, including Malcolm Brinded, who ran Shell’s exploration and production division at the time.
Prosecutors in the case charged that executives involved in the 2011 deal to secure Offshore Oil Prospecting License 245 knew money they deposited into an escrow account controlled by the Nigerian government would be disbursed as bribes. In 2018, two middlemen were found guilty of corruption in a separate trial.
Eni and Shell Acquitted of Nigeria Bribery Charges in Milan
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Eni and Shell Acquitted of Nigeria Bribery Charges in Milan
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