Italy’s top court rejects appeal to stymie Shell, Eni corruption trial

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ROME, June 13 – Italy’s Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a corruption trial that has also involved Eni’s chief executive, legal sources said on Wednesday.

The long-running graft case on alleged corruption in Nigeria, revolves around the 2011 purchase by Eni and Shell of Nigeria’s OPL-245 offshore oilfield for about $1.3 billion. The trial began last month, with the next hearing set for June 20.

The appeal was aimed at reversing the trial to the preliminary hearing stage due to what it said were procedural errors, but the court decided the appeal was inadmissible.

Nine current and former executives or contractors, including Eni Chief Executive Claudio Descalzi, have been accused by Italian prosecutors of paying bribes to secure the licence to explore OPL-245. The field holds an estimated 9 billion barrels of oil but has never entered production.

All have denied wrongdoing. An Eni spokesman on Wednesday reiterated that Eni denied any wrongdoing.

If found guilty, those on trial could face jail.

A Shell spokeswoman said on Wednesday: “Based on our review of the Prosecutor of Milan’s file and all of the information and facts available to us, we do not believe that there is a basis to convict Shell or any of its former employees.”

As a rule, the Supreme Court does not comment on its decisions.

Reporting by Domenico Lusi in Rome, additional reporting by Valentina Za in Milan, writing and additional reporting by Shadia Nasralla in London; Editing by Dale Hudson/David Evans

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and he Founder Naija247news Media in 2010 He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, He founded Naija247news Media in 2010. With a Bsc. degree on Industrial Relations & Personnel Management, Lagos State University, Ojo Lagos State Nigeria. He is an alumni of Lagos Business School,(Creative Design & Digital Communications and Also a Fellow at Wharton Seminar for Business Journalists, University of Pennsylvania, Philadelphia, United States He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news Media

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