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Italy court verdict in Nigeria corruption case expected end March

Published 16/12/2020, 18:23
© Reuters.
RDSa
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ENI
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MILAN, Dec 16 (Reuters) - Italian judges are expected to
hand down their verdict on Shell RDSa.L and Eni ENI.MI in
one of the oil industry's biggest-ever corruption trials at the
end of March, a top court official said on Wednesday.
Marco Tremolada, president of the judges that will pass
sentence, said lawyers for the two companies would be heard in
January, followed by prosecutors and defence lawyers in
February.
A final decision could then be reached by the end of March,
he said.
The long-running graft case revolves around the purchase of
the Nigerian OPL 245 offshore oil field in 2011 for about $1.3
billion.
Prosecutors allege that about $1.1 billion of that was
siphoned off to politicians and middlemen.
The companies and defendants involved, including Eni's
current CEO Claudio Descalzi, have all denied any wrongdoing.

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