FROM OUR MARCH 2004 SHELL NEWS ARCHIVE
EMBATTLED oil major Shell has been hit by at least 15 multi-billion-dollar claims of fraud, it has emerged.
London Evening Standard: Shell facing up to 15 fraud claims
James Rossiter, 10 March 2004
EMBATTLED oil major Shell has been hit by at least 15 multi-billion-dollar claims of fraud, it has emerged. Previously it was thought the group was the target of only one.
US class-action specialist Milberg Weiss Bershad Hynes & Lerach has attracted attention as it was the first to launch a $5bn (£2.7bn) claim against Shell and nine present and former directors of the Anglo-Dutch company, including former chairman Sir Philip Watts, within days of Shell admitting in January it had overstated its oil reserves.