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Is Eni even more corrupt than Shell?

It seems unlikely, given Shell’s appalling track record, but in view of the latest news that a corruption probe of Eni now includes its dealings in several countries around the globe, it may be the case that Eni is indeed even more corrupt than its OPL 245 partner-in-crime, Royal Dutch Shell. 

Malcolm Brinded, who played a key role for Shell in the OPL 245 skullduggery, remains at large and a director of the Shell Foundation. I suppose they have to keep him on a payroll to make sure he does not turn on his colleagues, including former MI6 spooks employed by Shell, John Copleston and Guy Colgate. 

Extracts From: Eni/OPL 245 growing global bribery probe

Italian oil giant Eni in a public filing this month revealed further details about what corruption allegations and investigations its facing around the world.

Corruption allegations against Eni now include Nigeria, Iraq, Kazakhstan, Algeria, and Congo. The number of enforcement authorities, employees, and subsidiaries involved in these allegations has also grown.

Block OPL 245 — Nigeria. Eni first mentioned allegations of international corruption in a Form 6-K (Report of Foreign Issuer) in 2014. In that report, the company said that it had been served with a notice of investigation in July 2014 by the Italian Public Prosecutor in Milan “relating to potential liability on the part of Eni arising from alleged international corruption.” 

At the time, Eni said the prosecutor had commenced investigations “involving a third-party external to the group, and other unidentified persons.” As part of the proceeding, Eni said it was also subpoenaed for documents and other evidence. READ MORE

RELATED

Wall Street Journal: Shell Investigated for Corruption By Department of Justice, SEC: 26 March 2008

The Guardian: Shell shares hit by news of US inquiry: 17 March 2009

Reuters: Shell says being investigated in US bribery probe: 17 March 2009

The Wall Street Journal: UPDATE: Shell: Co Still Under Investigation By US DOJ, SEC: 17 March 2009

The Times: Shell investigated by SEC over bribery claims: 17 March 2009

Daily Telegraph: Shell offers reassurance on dividend policy: 17 March 2009

citywire: Shell bribery probe overshadows plans to lift divi: 17 March 2009

The Guardian: Shell wants to produce five times more oil from tar sands: 18 March 2009

Daily Mail: Nigerian oil probe traps Shell in net: 18 March 2009

The Independent: Shell warns of US probe into corruption claims: 18 March 2009

Shell to pay $48m Nigerian bribe fine: Daily Telegraph 4 November 2010

Extract

These companies, including Shell, admitted they “approved of or condoned the payment of bribes on their behalf in Nigeria and falsely recorded the bribe payments made on their behalf as legitimate business expenses in their corporate books, records and accounts”.

SHELL IN BRIBERY FINE: Daily Express 6 November 2010

Extract

Shell must pay a $30million “criminal penalty” over charges it paid $2million to a sub-contractor “with the knowledge that some or all of the money” would be used to bribe Nigerian officials to allow equipment into the country without paying duty. Shell, which has not admitted guilt, must pay a further $18million to repay profits and interests.

U.S. Securities & Exchange Commission Cease and Desist Order: Shell Corruption in Nigeria

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