Region: Algeria

Panama Papers reveal alleged SNC-Lavalin bribes for Algeria projects

19 May 2016

Italian court orders big asset seizure in Saipem corruption case

A Milan court has told three defendants in an alleged bribery scheme involving Italian oil services business Saipem to hand over assets worth US$268 million, according to a court document seen by Reuters.

12 November 2015

Saipem could face debarment over Algerian bribery charges

Italian oil and gas company Saipem will stand trial in Italy this year over alleged bribes paid to public officials in Algeria, five years after it paid US$365 million to the DoJ and SEC to settle allegations that it bribed officials in Nigeria.

12 October 2015

Saipem to go on trial in Italy

Italian oil and gas contractor Saipem and several employees will go on trial in Milan in December for alleged corruption in Algeria in 2010, the company confirmed in a statement on 2 October.

09 October 2015

Algerian corruption case ends with fines for foreign companies

An Algerian court on 7 May fined seven foreign companies and sentenced 14 people for their part in a high-profile highway construction corruption case. Prosecutors accused those involved with embezzlement and money laundering in connection with the construction of a US$13 billion road, which when completed will stretch 1,200km from the country's border with Morocco to its border with Tunisia.

08 May 2015

Italian prosecutors pursue former Eni boss

Prosecutors in Milan have asked a judge to indict Italian energy company Eni and Paolo Scaroni, its 68-year-old former CEO.

13 February 2015

ENI rejects government-backed ethics clause

Shareholders of Italian oil and gas company Eni have rejected a proposal that would force directors convicted of financial crimes at first instance to resign, which GIR understands would have been unprecedented.

09 May 2014

DoJ investigating Saipem bribery allegations

The US Department of Justice is looking into corruption allegations concerning Italian oil services company Saipem, the company’s chief financial officer has revealed. According to Reuters, the DoJ sent the company a request for information about its operations in Algeria.

25 April 2014

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