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


Reuters


ROME, June 13 (Reuters) - Italy'sSupreme 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.

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.




This article appears in: World Markets , Stocks , Economy



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