Global Investigations Review - The law and practice of international investigations

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Eni settles with SEC over alleged accounting failures

By Clara Hudson

20 April 2020

Eni settles with SEC over alleged accounting failures Credit: istockphoto.com/mauro_grigollo

Italian oil and gas company Eni entered an almost $25 million settlement with the SEC over sham deals its subsidiary Saipem allegedly struck up over 10 years ago to secure contracts in Algeria.