Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

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

Published 14/10/2020, 18:31
© Reuters.
SHEL
-
ENI
-

MILAN, Oct 14 (Reuters) - Eni ENI.MI 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
told a Milan court on Wednesday.
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 to buy one of Nigeria's biggest oilfields
in 2011. Eni and oil group Shell RDSa.L are also accused of
corruption. Eni and Shell and the managers involved, including Descalzi,
have all denied any wrongdoing.
In one of the oil industry's biggest potential scandals,
Italian prosecutors allege Eni and Shell acquired the Nigerian
offshore oilfield, knowing most of the $1.3 billion purchase
price would go to politicians and middlemen in bribes.
Severino said Descalzi had always acted "scrupulously" and
had always been opposed to any action that did not comply with
the rules.
In July, Milan prosecutors asked for a jail sentence of
eight years for Descalzi.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.