Fresh Revelations of Alleged Shell Corruption to be Heard in Italian Court: Thursday, April 20, 2017
Court proceedings are due to begin in Italy today to determine whether oil giant Shell will face trial on corruption charges over the purchase of one of Africa’s most valuable oil blocks.
Italian prosecutors claim Shell and Italian oil major Eni concluded a deal for the rights to exploit the Nigerian deepwater oil block OPL 245 with knowledge that the money would fall into the hands of a convicted money-launderer and be turned into political kickbacks.
Shell and Eni embroiled in ‘unholy mess’ over Nigerian oil: FT: 20 April 2017
Shell and Eni are waiting to learn whether a judge will accept a request from a Milan prosecutor for the two companies and individuals — including Claudio Descalzi, chief executive of the Italian energy group — to face trial for alleged corruption.
Shell acknowledged for the first time last week that it knew Malabu would be compensated for relinquishing its claim on OPL 245. Anti-corruption campaigners see Shell’s admission as a smoking gun, and have seized on the leaked emails sent between senior company employees between 2008 and 2010 as evidence of bribery.