Eni Adheres to Hypothesis of Agreed Sanctions Submitted by the Public Prosecutor

Source: www.gulfoilandgas.com 3/18/2021, Location: Africa

In relation to the investigation relating to some Enis activities in Congo, which involved the Company and one of its managers, Eni is pleased to note that also these allegations of international corruption ceased to exist. Following the reduction of the alleged offence to undue inducement by the Court of Milan, Eni adhered to the hypothesis of agreed sanctions submitted by the Public Prosecutor, and has submitted its request.

The company will therefore make a consideration of 11.8 million euros available as an agreed sanction.

Eni wishes to note that the deal does not represent an admission of guilt by the company in relation to the alleged offence but an initiative aimed at avoiding the continuation a judicial process that would entail further expenditure of resources from Eni and all the involved parties. The verdict also confirms the resilience of the company's anti-bribery control systems.

Nigeria >>  4/29/2022 - Subsea 7 announced the award of a substantial(1) contract for the engineering, procurement, installation, and commissioning of flowlines and umbilical...
Nigeria >>  4/26/2022 - Worley have been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the Nigeria-Morocco Gas Pipeline (NMGP) ...

Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.