All the other defendants were also found not guilty. Among them were Eni itself, its partner in the deal, Royal Dutch Shell, several of the firms’ current and former executives, and a former Nigerian oil minister. Prosecutors must now decide whether to appeal against what was probably the most important corruption-related verdict in the history of the oil industry.
Two middlemen were convicted for corruption related to the transaction in a separate Italian trial in 2018. The judge in that case concluded that the block’s buyers must have known that a large part of their payment would go to a firm controlled by the former oil minister that previously owned the rights to exploit it. But Eni, Shell and the accused executives consistently denied paying bribes or taking bungs, and insisted their deal, structured as a purchase from the government, was legal.
'Oily case' So undignified. Trying to compete with RT?
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