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Italy prosecutors abandon $1.3 billion Eni Nigeria graft appeal

Italy prosecutors abandon $1.3 billion Eni Nigeria graft appeal

EMILIO PARODI ITALIAN prosecutors dropped criminal proceedings over a $1.3 billion Nigerian oilfield deal, clearing energy majors Eni and Shell, as well as managers including Eni Chief Executive Claudio Descalzi. Attorney General Celestina Gravina signalled the prosecution did not plan to pursue the case at the start of an appeal hearing into one of the oil industry's biggest ever corruption cases. "This case must finish today because it has no basis, in fact, it should have finished earlier," Gravina told the court. The Appeal Court formally took note of the decision, meaning the criminal case will be closed and the acquittal…
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Italy prosecutors seek jail for Eni, Shell executives in Nigeria

Italy prosecutors seek jail for Eni, Shell executives in Nigeria

ITALIAN prosecutors have asked for oil majors Eni and Shell to be fined and some of their present and former executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over alleged corruption in Nigeria. In one of the oil industry's biggest alleged scandals, Italian prosecutors allege Eni and Shell acquired a Nigerian oilfield in 2011, knowing most of the $1.3 billion purchase price would go to politicians and middlemen in bribes. In a Milan court, prosecutors asked for eight years in prison for Descalzi and seven years and four months for Shell's former head of upstream…
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Nigeria asks for $1.1 bln advance from Eni, Shell for damages in graft case

Nigeria asks for $1.1 bln advance from Eni, Shell for damages in graft case

Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages it is claiming in one of the oil industry's biggest-ever corruption trials. At a hearing into alleged corruption linked to Eni and Shell's 2011 acquisition of the OPL 245 field, Lucio Lucia, lawyer for the Nigerian government, called for a guilty verdict and an advance payment, ahead of any broader damages package set by a court at a later date. Lucia did not specify how much Nigeria was seeking in damages overall but said the…
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No evidence to support charges against Eni CEO in Nigeria case – lawyer

No evidence to support charges against Eni CEO in Nigeria case – lawyer

ENI Chief Executive Claudio Descalzi should be acquitted of corruption in a legal case concerning the purchase of an oilfield in Nigeria since there is no evidence to support the charges, Descalzi's lawyer has told a Milan court. Speaking in the court hearing, Paola Severino said the prosecutors' case against Descalzi consisted simply of "suggestive elements" of no criminal significance that were aimed at papering over a "lack of evidence." She called for the Eni CEO to be unreservedly acquitted since there was no case to answer. Descalzi is one of 13 people charged with international corruption over a deal…
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