Royal Dutch Shell Plc  .com Rotating Header Image

THE WALL STREET JOURNAL: Shell Investigated for Corruption By Department of Justice, SEC

The Wall Street Journal Home Page

Shell Investigated for Corruption 

By Department of Justice, SEC


March 26, 2008 3:52 p.m.

LONDON — The U.S. Department of Justice is examining corruption allegations in the use of a freight-forwarding firm by Royal Dutch Shell PLC, the company said in regulatory filing published last week.

A probe by the Securities and Exchange Commission is also under way, it said.

In its annual report with the SEC, the Anglo-Dutch oil company said it was contacted in July by the Department of Justice regarding its use of a unit of Panalpina World Transport Ltd., a Swiss-based shipping and logistics-management company.

Shell said in the filling the Justice Department was looking at potential violations of the Foreign Corrupt Practices Act as a result of such use. Shell declined to comment beyond the filings Wednesday.

Panalpina said in May that U.S. authorities had requested documents related to its services to Nigeria, adding the review had been extended to Kazakhstan and Saudi Arabia.

Eleven oil and oil-service firms received a July 2 letter from the Justice Department’s criminal-fraud section asking them to detail their relationship with Panalpina, people familiar with the matter said last year. Last year, Houston-based oil-services companies Transocean Inc. and Schlumberger Ltd. said they received inquiries from the department related to the Panalpina investigation.

Write to Benoit Faucon at [email protected]

*This story comes from an original tip to The Wall Street Journal by John Donovan of

* Information added by John Donovan and its also non-profit sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “THE WALL STREET JOURNAL: Shell Investigated for Corruption By Department of Justice, SEC”

Leave a Comment

%d bloggers like this: