Thursday, September 11, 2014

Now is the new Boss... Of course!!!

Italian prosecutors are investigating the chief executive of oil and gas company Eni, Claudio Descalzi, over the suspected payment of bribes to secure an oil contract in Nigeria, a report said on Thursday (September 11, 2014)

The Corriere della Sera newspaper said the state-controlled energy giant is suspected of having paid 190 million dollars to an intermediary linked to former Nigerian Oil Minister Dan Ete to secure extraction rights over the Opl 245 oil block.
Eni was not immediately available for comment, but the newspaper report said the company had previously denied any wrongdoing in the Nigeria deal.
At the time of the deal, in 2011, Descalzi was head of Eni's Oil division. He was promoted to chief executive in April, replacing Paolo Scaroni, who is also being probed over allegations of international corruption.
Corriere della Sera said that acting on a request from prosecutors in Milan, a court in Britain had frozen two bank accounts worth 110 and 80 million dollars respectively, belonging to the Nigerian intermediary who allegedly received the bribes.
On the Milan stock exchange on Thursday, company shares were down by more than 1%, the worst performance of the day.
Text by Times Live.

Is the Board of Directors of Eni regulated by the "Best Practices" of Corporate Governance or is a bunch of conniving people?
Where is Eni's Board?  What is the use of the Code of Ethics Eni?

No comments:

Post a Comment