Eni, former CEO indicted in Algeria bribery case


MILAN (AP) — An Italian judge has indicted the Eni oil company, former CEO Paolo Scaroni and eight others on a charge of bribing an Algerian official to win an 8 billion euro ($8.8 billion) contract.

The court issued the indictment on Wednesday, months after Italy’s highest court overturned another preliminary court ruling throwing out the case. Trial is set to begin Dec. 5.

Eni denied any wrongdoing and expressed confidence “that this will be ascertained in court proceedings.”

Prosecutors allege that Scaroni and other managers were involved in the payment of 198 million euros in bribes in 2007 on behalf of Eni’s Saipem oil and gas industry contractor.

___

This story has been corrected to show that the contract was for 8 billion euros, not 8 million.

comments powered by Disqus