Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Top Swiss court lets prosecutors help Italian oil corruption probe

Mon, 23rd Sep 2019 11:00

ZURICH, Sept 23 (Reuters) - Switzerland's top court has
allowed Geneva prosecutors to share with Italy material they
seized more than three years ago that could shed light on a case
involving oil majors Eni and Royal Dutch Shell
and corrupt payments in Nigeria.

In a ruling announced on Monday, the Federal Tribunal
rejected Nigerian defendant Emeka Obi's appeal to prevent
photocopies of items and computer files from his confiscated
suitcase from being sent to Italian crimefighters.

The Swiss court said the case did not fall within the narrow
scope of permissible appeals to the Lausanne-based tribunal.

Geneva prosecutors have been reviewing material in the
suitcase to decide what can be shared with Italian authorities.

The Federal Tribunal had already rejected last year an
appeal by Obi to prevent his suitcase from being unsealed.

In that ruling, the court said the confiscated material -
including documents, an external hard drive, British and African
passports, and USB keys - could have "potential pertinence" in
the criminal investigation and the sealing could be lifted
without violating Swiss law.

Obi, through his lawyers, has denied any wrongdoing.

"Our client has maintained his innocence in regards to the
various allegations made by the Milan prosecutors and is
confident that the final evaluation of the contents of his bag
will confirm this," they had said last year.

An Italian judge said last year that Eni and Shell were
aware their 2011 purchase of a Nigerian oilfield would result in
corrupt payments to Nigerian politicians and officials.

Eni and Shell have denied any wrongdoing.

The two companies bought the OPL 245 offshore field for
about $1.3 billion in a deal that spawned one of the industry's
largest corruption scandals. It is alleged that about $1.1
billion of the total was siphoned to agents and middlemen.

The Milan judge made the comment in her written reasons for
the September conviction of Obi and Italian Gianluca Di Nardo,
both middlemen in the OPL 245 deal, for corruption. The pair
were jailed for four years.

Obi and Di Nardo have been tried separately from Eni and
Shell, which also face corruption allegations over the same deal
in a hearing that is expected to drag on for months.

Obi brought the Swiss case to keep the contents of the
suitcase - seized in Geneva in April 2016 in an inquiry
unrelated to the corruption case - from being shared with
foreign authorities.

Its confiscation led Geneva prosecutors to open a criminal
case for suspected corruption of foreign officials and
money-laundering. Days later Italian authorities requested
judicial assistance, arguing that the suitcase and its contents
had been deliberately stashed in Geneva.
(Reporting by Michael Shields; Additional reporting by
Stephanie Nebehay in Geneva; Editing by Dale Hudson)

More News
27 Oct 2022 07:30

Shell announces $4bn share buyback as Q3 profits beat expectations

(Sharecast News) - Oil giant Shell announced a $4bn share buyback on Thursday as it posted better-than-expected third-quarter profits.

Read more
21 Apr 2022 11:53

Shell turning to China to offload Russian business - report

(Sharecast News) - Shell is reportedly looking to China as it looks to offload its Russian business.

Read more
15 Feb 2022 15:54

Shell preparing to sell North Sea gas fields - report

(Sharecast News) - Shell is reportedly preparing to launch the sale of its stakes in two clusters of gas fields in the southern British North Sea, part of an ongoing retreat of long-time producers from the ageing basin.

Read more
7 Feb 2022 10:52

Berenberg nudges up target price on Shell

(Sharecast News) - Analysts at Berenberg slightly raised their target price on oil and gas giant Shell from 2,350.0p to 2,375.0p on Monday, stating the firm was "on a roll".

Read more
31 Jan 2022 10:53

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

TOP NEWS SUMMARY: Shell and BHP share unifications go into effect

Read more
31 Jan 2022 07:48

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

LONDON MARKET PRE-OPEN: WeBuyAnyCar owner buys into Lookers

Read more
28 Jan 2022 11:25

Shell's renewables boss steps down after less than two years

* Elisabeth Brinton leaves for new role, she says* Shell creates two new renewables leadership roles* Thomas Brostrøm to head renewables generation* Steve Hill to head energy marketingBy Ron BoussoLONDON, Jan 28 (Reuters) - Shell's head of renewable...

Read more
27 Jan 2022 16:14

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
26 Jan 2022 17:02

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

LONDON MARKET CLOSE: FTSE 100 soars ahead of Fed as oil, travel gain

Read more
26 Jan 2022 14:36

China's Sinopec awards fewer cargoes in recent LNG tender

By Chen Aizhu and Marwa RashadSINGAPORE/LONDON, Jan 26 (Reuters) - Unipec, the oil and gas trading arm of China's Sinopec Corp has awarded fewer-than-planned cargoes in a recent tender to sell up to 45 cargoes of liquefied natural gas for 2022 del...

Read more
26 Jan 2022 12:16

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

LONDON MARKET MIDDAY: Markets brace for aggressive US Fed tightening

Read more
26 Jan 2022 09:33

UPDATE 2-Commodity, bank stocks lead FTSE 100 higher; Playtech drops

* Oil and banking shares top gainers* Wizz Air reports Q3 loss, expects improvement in spring* FTSE 100 up 1.3%, FTSE 250 add 1.1% (Updates to market close)By Shashank Nayar and Ambar WarrickJan 26 (Reuters) - London's FTSE 100 rose on Wednesday wit...

Read more
26 Jan 2022 09:12

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

LONDON MARKET OPEN: Fresnillo drops on 2022 production warning

Read more
25 Jan 2022 21:13

UPDATE 1-U.S. awards 13 mln barrel exchange of crude from strategic reserve

(Adds details on sale, background on 50 million barrel SPR plan)WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to ...

Read more
25 Jan 2022 20:10

U.S. awards exchange of 13 mln barrels of crude from strategic reserve

WASHINGTON, Jan 25 (Reuters) - The U.S. Department of Energy said on Tuesday it had approved an exchange of 13.4 million barrels of crude oil from the Strategic Petroleum Reserve to seven companies.The companies are Shell Trading US, 4.2 million ...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.