Royal Dutch Shell A : U.S.$1.1billion Malabu Scam - Italian Oil Giant, Eni, Admits Wrongdoing
Eni, as well as
In fact, Eni claimed its internal investigation that probe its role in the scandal said the company followed due process and "did not find evidence of illegal conduct".
However, after coming under intense queries by vexed shareholders, the company admitted that the investigation did not interview personnel involved who are suspects in a criminal investigation linked to the deal. The company also admitted that it did not follow the Italian legal criminal procedure rules for the conduct of defence investigations.
"Obviously these interviews talks [sic] did not regard those known to be listed in the register of suspects at the
According to them, further analysis of the investigation recently commissioned by the board of directors "had confirmed, in a transparent manner, the adequacy" ... "of the analyses carried out by other consultants".
"Eni's investigation failed to interview key people inside and outside the company who negotiated the corrupt deal, and failed to access key documentation that forms the basis of the allegations against the company," said
"Eni has to come clean over this corrupt deal, the company told its investors it had found no evidence of illegal conduct but given what we now know about their investigation this isn't good enough. Investors should be seriously worried about the systemic risks that the company might be facing if this is how they react to serious corruption allegations,"
He said as the biggest shareholders of Eni, the Italian government has to make sure that those involved are made to face justice, in line with its avowed anti-corruption stance.
"Eni's claim to a zero tolerance approach to corruption does not seem to line up with their actions on the OPL 245 case. The management admitted to current CEO
The infamous oil deal has elicited multiple investigations across the world. In
Back home, the Economic and Financial Crimes Commissions, EFCC, is probing the deal. In 2014, the
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