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Judge Orders Shell and Eni to Stand Trial Over Alleged Corruption in Nigeria

Posted by Thandiubani on Wed 20th Dec, 2017 - tori.ng

For allegedly engaging in corruption, a judge in Italy has ordered two powerful oil majors Royal Dutch Shell (RDSa.L) and Eni (ENI.MI) to stand trial.

Royal Dutch Shell and Eni have been ordered to stand trial

An Italian judge has ordered oil majors Royal Dutch Shell (RDSa.L) and Eni (ENI.MI) to stand trial over alleged corruption in Nigeria with the CEO of Eni among past and present managers involved, legal sources said on Wednesday.

The judge set March 5 as the date for the trial to begin, the sources said. All the parties involved have previously denied any wrongdoing.

The case revolves around the purchase in 2011 of Nigeria’s OPL-245 offshore oil block by Eni and Shell for about $1.3 billion.

-Reuters