Region: Italy

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

Counsel Watch: who’s advising who

GIR lists the lawyers and law firms that have been working on the latest major cases, including Bristol-Myers Squibb’s FCPA settlement with the SEC, French oil company Total’s foreign bribery appeal, and retailer Tesco’s accounting fraud scandal.

29 October 2015

Bank of Italy governor under investigation for corruption

The governor of the Bank of Italy, Ignazio Visco, is among eight people under investigation by Italian prosecutors for alleged abuse of power, corruption and fraud.

21 October 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

Six countries investigating Volkswagen over emissions scandal

Within days of the US Environmental Protection Agency revealing that Volkswagen had cheated its emissions tests, the car company’s chief executive has resigned and at least nine government authorities around the world have opened parallel investigations.

23 September 2015

Italy opens investigation into construction group Techint

Milan prosecutors are investigating the Techint Group, which controls steel pipe makers Tenaris and Ternium, over alleged corruption in contracts awarded to the company by Brazil’s state-controlled oil company Petrobras, according to reports.

08 September 2015

Italy prepares to investigate Saipem’s alleged involvement in Petrobras corruption scandal

Italian oil and gas company Saipem said the Milan Public Prosecutor’s Office is about to open an investigation into the business's alleged involvement in the Petrobras corruption scandal in Brazil, according to reports.

14 August 2015

Italy opens €33 billion tax evasion investigation

Italy's financial police, the Guardia di Finanza, have opened an investigation into €33 billion worth of financial transactions made between Italy and San Marino by over 58,000 people, according to reports.

13 August 2015

Petrobras investigation widens to include Saipem

Italian oil company Saipem is the latest to be pulled into the Petrobras corruption scandal that has so far implicated companies around the world, such as Swedish construction company Skanska and UK engineering business Rolls-Royce.

30 July 2015

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