Why has corporate FCPA enforcement stopped?
Richard L. Cassin
May 3, 2021
The first four months of 2021 saw only one FCPA enforcement action against a corporate defendant. That’s the slowest start for at least 10 years.… Continue Reading
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Posts Tagged: ENI
Eni subsidiary paid ‘virtual’ intermediary $215 million under sham agreements
Harry Cassin
April 20, 2020
Italian oil giant Eni S.p.A agreed Friday to settle FCPA offenses related to its subsidiary’s use of a “wholly unequipped” intermediary to win government oil contracts in Algeria.… Continue Reading
Italian prosecutor charges Shell and former execs with overseas bribery
Richard L. Cassin
October 19, 2017
The Milan Public Prosecutor’s Office has charged Royal Dutch Shell and four former executives for an alleged plot to pay massive bribes to win oil exploration rights in Nigeria.
One of those charged is Malcolm Brinded, 64, the former executive director for Upstream International when the alleged bribery happened.… Continue Reading
Tom Fox on that murky oil deal: It’s one Shell of a mess
Thomas Fox
April 26, 2017
What will be the final result of the Royal Dutch Shell/ENI imbroglio around a license to explore oil and gas in block OPL 246, offshore Nigeria?
At this point it is difficult to say.… Continue Reading
Eni says audit proves no Algeria bribes
Richard L. Cassin
January 22, 2014
Italian state-owned oil giant Eni SpA said a forensic audit proved the company didn’t pay any bribes in Algeria.
Italian and Algerian government investigators have been examining allegations that officials from Saipem SpA, owned 43% by Eni, paid bribes for contracts in Algeria worth billions of dollars.… Continue Reading
Saipem shuffles execs to enhance anti-corruption compliance
Staff Writers
December 9, 2013
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.
Alberto Chiarini has been appointed Chief Financial and Compliance Officer.… Continue Reading
Weatherford lands on our Top 10 list
Richard L. Cassin
November 27, 2013
With its $152.6 million FCPA enforcement action Tuesday, Weatherford International has landed ninth on our list of the Top 10 FCPA cases of all time.
Nine of the ten biggest cases still involve non-U.S.… Continue Reading
Nine of the top ten FCPA cases involve non-U.S. companies. What’s up with that?
Richard L. Cassin
September 16, 2013
Hobbies are important and we try to make time for ours — staring at the list of the biggest FCPA cases of all time.
Stare long enough, we’re convinced, and you can learn most of what’s important about FCPA compliance and enforcement.… Continue Reading
In Algeria, Eni investigation snares ex minister
Richard L. Cassin
August 14, 2013
Chekib Khelil, Algeria’s former energy minister, is wanted for corruption (photo courtesy of Wikipedia)Algeria’s former energy minister is wanted on an international arrest warrant for alleged corruption following accusations of bribery involving Italian energy giant Eni.… Continue Reading
UK police investigating Shell, ENI Nigeria deal
Richard L. Cassin
July 25, 2013
Allegations that more than a billion dollars paid to the Nigerian government ended up with a company controlled by a former Nigerian oil minister have triggered a money-laundering investigation in the UK, according to a report Wednesday from Reuters.… Continue Reading
France’s Total SA Cracks Our Top 10 List
Richard L. Cassin
May 29, 2013
With its $398 million enforcement action Wednesday, Total S.A. has landed fourth on our list of the Top 10 FCPA cases of all time.
Nine of the biggest cases involve non-U.S.… Continue Reading
Doing Business in Italy? You Have Been Warned…
Thomas Fox
February 18, 2013
Former Italian Premier Silvio Berlusconi (Photo courtesy of Wikipedia)Last week, I was discussing a report with fellow compliance practitioner Craig Bloom, that Giuseppe Orsi, President of one of Italy’s largest conglomerates, Finmeccanica, SpA, was arrested under allegations of bribery in Finmeccanica’s sale of twelve helicopters to the Indian Government in 2010.… Continue Reading