Eni: Judge Accepts Proposal of Agreed Sanctions to Settle Congo Investigation
March 25 2021 - 6:17AM
Dow Jones News
By Mauro Orru
Eni SpA said Thursday that the judge in charge of preliminary
investigations into some of its activities in the Republic of Congo
accepted a proposal of agreed sanctions to settle the case.
The Italian oil-and-gas major said last week that it had filed a
request to Italian prosecutors to pay 11.8 million euros ($13.9
million) after a Milan court reduced the alleged offence to undue
inducement from international corruption.
"Eni wishes to state that the outcome of today does not
represent an admission of inadequacy of its systems or a guilty
plea by the company in relation to the alleged offence, but a
settlement aimed at avoiding the continuation a judicial process
that would entail significant further expenditure of unrecoverable
costs and resources," the company said in a statement.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 25, 2021 06:02 ET (10:02 GMT)
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