Eni says audits shows no proof of illegal conduct in Algeria

by Reuters
Thursday, 16 January 2014 13:46 GMT

MILAN, Jan 16 (Reuters) - Eni ENI.MI said on Thursday forensic audits carried out into activities in Algeria at the centre of corruption investigations showed no proof of illegal conduct on the part of the Italian oil and gas group.

"The results of the audits revealed neither evidence of illegal or corrupt conducts of Eni, nor the existence of intermediary contracts between Eni and the third parties under investigation," Eni said in a statement.

Italian oil service group Saipem SPMI.MI, which is 43 percent owned by Eni, is embroiled in a probe into allegations it paid bribes to secure a series of contracts in Algeria worth around $11 billion.

Eni CEO Paolo Scaroni is involved in the probe.

Saipem and Scaroni both deny any wrongdoing.

The audit was carried out by third parties at the behest of Eni.

(Reporting by Stephen Jewkes, editing by Danilo Masoni)

Our Standards: The Thomson Reuters Trust Principles.