TIMELINE: THE CORPORATE CORRUPTION TRIAL OF THE CENTURY

On 10th September, a post from Global Witness is concerned with the trial in Milan involving senior executives at 2 of the world’s biggest oil companies – Royal Dutch Shell and Eni.  The trial centres on a 2011 deal in which Shell and Eni paid over $1.1 billion for the rights to drill for oil in a block of water, named OPL 245, off the coast of Nigeria.  It is said that the money went to a convicted money launderer and former Nigerian Oil Minister, Dan Etete.  Prosecutors in the case allege that the $1.1 billion was then used to fuel a massive bribery scheme that paid off senior Nigerian Government Officials, including a former President.

https://www.globalwitness.org/en-gb/blog/timeline-corporate-corruption-trial-century/

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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