An Italian court acquitted energy firms Royal Dutch Shell and Eni on Wednesday in a massive corruption case. The long-running case concerns the 2011 purchase of an offshore oil field in Nigeria, with prosecutors alleging the companies paid bribes to secure the field. He said the companies and 13 defendants charged in the case had been acquitted as there was no case to answer. Among those charged in the case were current Eni CEO Claudio Descalzi and his predecessor Paolo Scaroni. Prosecutors also argued that Shell and Eni knew that most of the money was being used towards bribes.

Source: Egypt Independent March 17, 2021 17:26 UTC